Yesterday, many fans asked the academician whether the recent plunge of Ethereum was caused by the Constantinople upgrade, so let's clarify it once and for all.

The Constantinople upgrade of Ethereum may have a positive impact on the entire cryptocurrency market. Constantinople is an important network upgrade for Ethereum, expected to introduce significant technical improvements and new features, including the Proof of Stake (PoS) consensus mechanism, enhanced network scalability, and increased security.

First, the Proof of Stake consensus mechanism of Constantinople will replace the current Proof of Work mechanism, meaning that the way transactions are verified and new blocks are created will change. Proof of Stake will encourage holders to stake and pledge Ether, thereby gaining equity, which helps reduce energy consumption, increase transaction speed, and promote a more decentralized network.

Second, the Constantinople upgrade will also improve Ethereum's network scalability. Currently, Ethereum faces congestion and high transaction fees, affecting user experience and application development for developers. The improvements from Constantinople will accelerate transaction confirmation speed and increase the network's processing capacity, providing a better user experience for more developers and users.

Furthermore, the Constantinople upgrade will enhance Ethereum's security. The improved consensus mechanism and network architecture will reduce the likelihood of attacks, making Ethereum more secure and reliable. This is a positive signal for the entire cryptocurrency market, as Ethereum is currently one of the largest smart contract platforms, and the improvement in its security helps strengthen investors' and users' confidence in the entire market.

In summary, the Constantinople upgrade of Ethereum is expected to enhance its performance, security, and scalability, which is a positive influence on the entire cryptocurrency market. It helps increase people's confidence in Ethereum, attracting more developers and users to participate, and driving the development and growth of the cryptocurrency market. However, the actual market response will depend on various factors, including the overall market atmosphere, investor sentiment, and other technological and market dynamics.

This article is exclusively provided by the academician in the currency circle and represents the academician's exclusive viewpoint. The article is delayed in its release, and the above viewpoints and suggestions are not real-time, for reference only. Invest at your own risk, and the academician in the currency circle wishes you a pleasant investment!

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