Information on Ethereum’s Constantinople Fork and How Bitvo Plans to Support

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CALGARY, Alberta, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Bitvo is preparing to support the upcoming Ethereum (ETH) fork, which is called the Constantinople fork. In advance of the fork, Bitvo is pleased to share information, its support plan and instructions for Bitvo customers.

This network hard fork, which is part of scheduled protocol upgrades, is scheduled to occur at block 7,080,000 and is anticipated to take place next week on January 16, 2019. It is widely expected to be non-contentious and is not expected to create two different cryptocurrencies.

There is a corresponding mandatory upgrade for the ETH/ERC20 tokens to be valid on the ETH mainnet. The upgrade process should take a few hours, during which time all ETH deposits and withdrawals will be disabled.

Bitvo will disable ETH deposits and withdrawals commencing 12:01am ET on January 16, 2019. 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.

Bitvo customers who have questions about the ETH hard fork are encouraged to contact Bitvo’s 24/7 customer support team at support@bitvo.com or 1-833-86BITVO (1 833-862-4886).

Bitvo is a private company with international reach founded by experienced financial services, payment and banking entrepreneurs, that offers a state-of-the-art cryptocurrency exchange trading platform to make cryptocurrencies easier to access and more secure for its customers. For further information, please contact:

Pamela DraperPresident & CEO403-407-0059pam@bitvo.com

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Globe Newswire: 19:31 GMT Friday 11th January 2019

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