Ethereum community had been eagerly waiting for its 8th network update, over the past few months. Earlier today, the hard fork (known as Istanbul) went live on the network at block number 9,069,000. Ethereum’s creator, Vitalik Buterin divulged that the hardfork block was mined by SparkPool.
It is to be noted that the much-expected move to Istanbul is Ethereum network’s first hard fork since Constantinople update, which took place in the month of February. Interestingly, both the Ethereum updates are stages of a comprehensive phase of continuing development that began in 2017 called Metropolis.
ETH News and Ethereum EIPs
Shortly after the preceding Constantinople upgrade, various other testnets were all rolled out before Istanbul was activated. The aforementioned testnets include like Ropsten, Rinkeby, Kovan, and Goerli. Furthermore, Ethereum’s Istanbul hard fork consisted of 6 EIPs. It is to be noted that all the above mentioned Ethereum Improvement Proposals were chiefly eyeing at dropping the costs and increasing scalability while keeping interoperability.
It is to be noted that other Ethereum Improvement Proposals focus primarily on the network itself. On the other hand, EIP 152 is primarily focused at exploring Ethereum’s compatibility with Zcash.
The EIP mentions
“Adds Equihash PoW to the contract and enables Ethereum to conduct relay and atomic-swap transactions with Zcash.”
ETH POS Update and ETH HardFork News
Interestingly, Ethereum’s future beyond Istanbul stays disconcerted. This is because, there are still uncertainties of an approaching block hash slowdown as the network shifts from PoW to PoS. This has led to proposals for another Muir Glacier fork to unstiffen the effect of the changeover from POW to POS.
What are your views and opinions about the latest hardfork of Ethereum? How do you think it might impact the future price and Ethereum network adoption in the future?