Cumberland Research Report: The Market Is Too focused On ETH’s Constantinople

Following a report by the crypto trading firm Cumberland Research, it seems that the market is too focused on Ethereum’s Constantinople and Serenity hard forks which throw a massive shadow over more important upgrades. Let’s see what exactly the report means in the ethereum news below.

The Constantinople hard fork is an ETH network update which separates Ethereum improvement proposals in order to make a clear path for Ethereum 2.0 which is considered the system’s final upgrade. Ethereum 2.0 will switch the current ETH network proof-of-work consensus algorithm to proof-of-stake algorithm.

According to the researchers, the mainnet improvement roadmap that is supposed to happen on June 1 this year, should be enough to solve all of the concerns. The ETH 1.x proposal should eliminate the major risk factors such as smart contract usability. Although is still in its pre-phase, the researchers believe that the proposal is undervalued and that represents bigger importance in term of the medium-term price outlook for Ethereum rather than Constantinople.

Ethereum has already launched its first release for phase-zero of the network’s slow transition to Ethereum 2.
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0 which makes the first step in a series of weekly releases and the current zero phases is feature complete and is approaching stable. Along with the 2.0 first pre-release, the testnet Gorli will serve as a trial key sharding client for Serenity.

The core developers at Ethereum, found a security vulnerability in the Constantinople hard fork that allows hackers to steal cryptocurrency from a smart contract by repeatedly requesting funds while feeding false data to the actor’s actual ETH balance.