The long-waited Constantinople upgrade of the Ethereum network is going to occur is occuring on 16th January 2019 at block# 7,080,000. This hard fork is non-contentious and will not create two different crypto currencies. This is a mandatory upgrade for the ETH/ERC20 tokens to be valid on the ETH mainnet.

Constantinople is one of the key milestones in Ethereum’s road map. The changes in this upgrade will lay the consensus of the protocol to move from proof-of-work (PoW) to proof-of-stake (PoS).

Upgrades are integral to Ethereum’s long-term strategy of increasing network capacity while decreasing energy consumption from mining.

Impact:

We will make sure the following steps are completed prior to January 16th 2019 11:00 AM GMT.


• We will ensure all the nodes should be upgraded to parity version
• All ETH deposits and withdraws are completed
• Deposits/Withdraws are disabled


The upgrade process should take a few hours. Once the upgrade is complete, we will evaluate the outcome of the fork and ensure the network reaches consensus (~25 blocks are generated with the new consensus rules) before enabling deposits and withdraws.


The funds that are stored in the Dragon Social Wallet and DRGx wallets are safe and will not have any issues. A snapshot of all the customer account balances should be taken prior to the network upgrade.


In the unlikely event that multiple viable chains persist after the fork, we will evaluate the new altcoin and update customer balances for each chain.

Read more about Constantinople and the hard fork here.