Ethereum’s Foundation Team lead, Péter Szilágyi has confirmed Dec. 4 as the expected date for the network’s forthcoming Istanbul hard fork.
Szilágyi indicated that Istanbul will commence at block 9069000.
Szilágyi provided Geth mainnet node operators with a link to a new maintenance release designed to begin the hard fork’s initialization.
Geth is one of the two top most popular clients used to operate nodes on the Ethereum network. Parity is the other one.
Ethereum Moving Towards 2.0
The most prominent feature of Istanbul’s hard fork is the implementation of proof-of-work (PoW) algorithm which is also dubbed as “ProgPoW”. The new algorithm will provide an advantage that ASIC miners have on the network.
The developers of Ethereum split the implementation of Istanbul into stages. One of the stages beginning with the selection of six Ethereum Improvement Proposals (EIPs) for testnet integration in October.
Constantinople upgrade was completed in February of this year. Istanbul upgrade represents the latest hard fork in the network’s transition to Ethereum 2.0 intended also be Ethereum’s final upgrade in 2020.
Ethereum 2.0 will shift the network to a proof-of-stake (PoS) consensus algorithm and tackle core challenges such as scalability, economic finality, and security.
Aragon DAO Platform Against Istanbul
Earlier this month, the community members of Aragon proclaimed themselves against the protocol’s shift to ProgPow. Aragon is the open-source software project for creating Ethereum based decentralized autonomous organizations (DAOs)
The CTO of Aragon One, Jorge Izquierdo indicated in late October that Instanbul would result in breaking of 680 smart contracts on the Aragon platform while stating:
“The issue we’re going to have hasn’t been deemed important enough for this hard fork not to happen, which from our point of view is unfortunate [but] it’s a hard balance we understand.”
Source: Cointelegraph.com | Image: 7bitcoins.com