{"id":12816,"date":"2019-03-08T00:00:00","date_gmt":"2019-03-08T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/03\/08\/fidelity-crypto-chief-says-ethereums-network-upgrades-could-delay-the-firms-support-for-eth\/"},"modified":"2019-03-08T00:00:00","modified_gmt":"2019-03-08T00:00:00","slug":"fidelity-crypto-chief-says-ethereums-network-upgrades-could-delay-the-firms-support-for-eth","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/fidelity-crypto-chief-says-ethereums-network-upgrades-could-delay-the-firms-support-for-eth\/","title":{"rendered":"Fidelity Crypto Chief Says Ethereum\u2019s Network Upgrades Could Delay the Firm\u2019s Support for ETH"},"content":{"rendered":"<p style=\"text-align: justify\"><strong>Ethereum\u2019s regular network upgrades could see it overlooked by investment<\/strong> <strong>vehicles<\/strong> that sought network stability as one of the major determinants in supporting a digital asset.<\/p>\n<p style=\"text-align: justify\"><!--more--><\/p>\n<p style=\"text-align: justify\">Tom Jessop, the head of <a href=\"https:\/\/crypto-economy.com\/fidelity-bitcoins-trading-and-custody-platform-is-in-final-tests\/\" target=\"_blank\" rel=\"noopener\"><strong>Fidelity Investments<\/strong><\/a>\u2019 digital assets arm the Fidelity Digital Assets Services (FDAS) recently uttered these sentiments in an <strong><a href=\"https:\/\/twitter.com\/DigitalChamber\/status\/1103735405206216705\" target=\"_blank\" rel=\"noopener\">interview with CNBC\u2019s Kate Rooney<\/a><\/strong> during the<strong><a href=\"https:\/\/dcblockchainsummit.com\/\" target=\"_blank\" rel=\"noopener\"> DC blockchain summit<\/a><\/strong> that concluded on Thursday, March 7th.<\/p>\n<p style=\"text-align: justify\">Jessop revealed that FDAS has been in operation over the past few weeks as anticipated despite missing any official announcement. According to Jessop, the service launched to a select group of clients in test phase waiting to launch to the general public.<\/p>\n<p><a href=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/dc-blockchain-1.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-154660\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/dc-blockchain-1.jpg\" alt=\"dc blockchain summit 2019\" width=\"700\" height=\"245\" \/><\/a><\/p>\n<p style=\"text-align: justify\">Jessop also confirmed that the service has launched with Bitcoin support with other assets soon to be supported.<\/p>\n<p style=\"text-align: center\"><em>\u201cWe\u2019re currently supporting bitcoin, we have designs to support other coins over the balance of the year center to various criteria including our [in-house selection framework], where we obviously look \u2026 at client demand and other things,\u201d<\/em> he said on Thursday.<\/p>\n<p style=\"text-align: justify\">Ethereum\u2019s ether is definitely another asset on the list of future additions owing to the above-stated factors of consideration. It has the client interest and is second in network value to Bitcoin in terms of market capitalization.<\/p>\n<p style=\"text-align: justify\">However, its constant upgrades (with two of these expected this year) could mean that FDAS could overlook it for now as they observe its stability after these upgrades.<\/p>\n<p style=\"text-align: center\">He said: <em>\u201cWe\u2019d love to have support [for] ether but you know you have a hard fork coming up and some upgrades, so I think we\u2019re trying to see how those things work out before we make a decision to put them on the platform.\u201d<\/em><\/p>\n<p style=\"text-align: justify\">Ethereum recently hard forked implementing the much anticipated Constantinople upgrade on February 28th, however, this code upgrade was just a stop-over to the long-promised Serenity hard fork (or Ethereum 2.0).<\/p>\n<p style=\"text-align: justify\">Upcoming this October is yet another hard fork dubbed Istanbul before the last Serenity hard fork. As mentioned by Jessop, these upgrades, despite their obvious benefits to the Ethereum blockchain,<strong> mean that Ethereum code base is constantly evolving and will be hard to base a regulated product such as the FDAS products on an unstable codebase.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum\u2019s regular network upgrades could see it overlooked by investment vehicles that sought network stability as one of the major determinants in supporting a digital asset.<\/p>\n","protected":false},"author":5,"featured_media":12818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4677,4679,4693],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/12816"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=12816"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/12816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/12818"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=12816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=12816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=12816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}