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Ethereum | Hard Fork confirmed by the Core Developer

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Ethereum | Hard Fork confirmed by the Core Developer

Ethereum (ETH) Foundation team leader Péter Szilágyi has confirmed December 4 as the expected date for the upcoming Istanbul fork of the network.

In two tweets on November 7, Szilágyi announced that Istanbul will start at block 9069000. He provided the Geth Mainnet Node operator with a link to a new maintenance release that was to initiate the initialization of the Hard Fork.

Geth is the name of one of the two most popular clients used to operate nodes on the Ethereum network. The other is Parity, which is being updated after the activation of Istanbul, but is currently in the review phase.

The astral reaches closer to 2.0

Following the upgrade for Constantinople in February of this year, Istanbul marks the final milestone in the Ethereum 2.0 transformation to Ethereum 2.0, which will be the final upgrade for Ethereum in 2020.

It is rumored that Berlin’s most significant feature is the implementation of a new programmatic proof-of-work (PoW) algorithm called “ProgPoW” to combat the benefits that ASIC miners have on the network.

“ASIC” refers to mining hardware that uses application-specific integrated circuit (ASIC) chips that are tailored to efficiently determine the cryptocurrency based on a particular hashing algorithm.

In contrast, setups using GPUs are less specialized, and so far have had trouble competing on the network for rewards with those providing ASICs.

Ethereum’s developers have decided to divide the Istanbul implementation into two phases, starting with a version that included a selection of six Ethereum Improvement Proposals (EIPs) for October’s Testnet integration.

The DAO platform of Aragon rejects Istanbul

Earlier this month, community members of Aragon – an open source software project to create Ethereum-based decentralized autonomous organizations (DAOs) – opposed the move to ProgPow.

Jorge Izquierdo, CTO of Aragon One, announced at the end of October that Istanbul would break some 680 smart contracts on the Aragon platform.

“The problem we’re having was not considered important enough for this hard fork not to happen, which is regrettable from our point of view, [but] it’s a tough balance we understand.”

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Florian - HIClub

IT-Systemelektroniker | Founder at Havanna Investors Club
I started in the normal craft business and went the way of the IT system electronics after training. In my own company, I trained in web design, graphic editing and later came to cryptocurrencies through an accident at work. I like dealing with cryptocurrencies, marketing and websites, and figured out how to make money with them quite easily.

 

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