The Ethereum network is preparing for the next update of the network in December
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Answer The Ethereum network is preparing for the next update of the network in December
Ethereum developers are preparing themselves to launch the latest upgrade to the Ethereum blockchain, a hard fork named “Istanbul” on December 4th.
Istanbul promises to make the network safer and more efficient.
The “Istanbul” update date was tentatively set during the core developer’s call on October 25 to be confirmed by the core developer, Peter Szilágyi, via Twitter last Thursday.
🔥 Geth v1.9.7 (Quad Kicker), enabling Istanbul hardfork for # Ethereum mainnet (block 9069000, targeting December 4th) 🔥
Among other things, we shipped eth/64, which is a faster EVM, #gulang 1.13.4 on all PPAs and nearing completion of DNS discovery! 🤓
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– Peter Szilagyi (@peter_szilagyi) November 7, 2019
Where he stated in his tweet that the version of Geth v1.9.7 will enable the “Istanbul” update to work on the main network of Ethereum.
Istanbul is the latest hard fork in the network’s eventual transition to Ethereum 2.0, which will begin to appear in phases from early 2020.
The update, which introduces and carries a set of major fixes and upgrades to the world’s second largest blockchain network, will be implemented in two parts.
The first update, “Istanbul”, will take place later this year, and the second, dubbed “Berlin”, will take place sometime in the first quarter of 2020.
The improvements scheduled for December 4 are intended to improve and reduce gas costs, increase Zcash compatibility and scalability, as well as allow contracts to offer more innovative functionality.
The most controversial change isEthereum improvement proposal 1884Which will increase the cost of calling data in the Ethereum blockchain for app developers.
As the size of the blockchain increases, these processes threaten to overload the network.
The core Ethereum developers have agreed that the additional fee will better protect the platform from denial-of-service or spam attacks, but not all members of the community are convinced.
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In September, leaders from the Aragon platform expressed concerns that changes to the code would terminate about 680 smart contracts.
The Aragon platform manages the governance of decentralized applications (dapps) that run on the Ethereum blockchain.
The group claimed that forced upgrades will now be required to ensure that decentralized autonomous organizations (DAOs), built on the Aragon platform, can continue to operate smoothly.
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Istanbul will also implement new fork upgrades to avoid leaving people with old versions of the blockchain.
For the record, there was a need to postpone the last system-wide Ethereum upgrade related to the Constantinople update due to the discovery of a critical security vulnerability in the code just 48 hours before the start of implementation.
So with ‘Istanbul’ the developers planned for this possibility with pre-set support dates in case of any unforeseen circumstances.
The second part of Istanbul will be launched early next year.
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