Rajarshi Mitra
Independent Analyst
- The Istanbul Hard Fork will get released on Dec 7 and the Ethereum node operators should upgrade the nodes by Dec 1.
- The official announcement gave a list of final releases that are compatible with the final release.
The Community Leader of the Ethereum Foundation, Hudson Jameson, has confirmed that the Instanbul Hard Fork will be releasing on December 7, 2019. The exact time frames are subject to change because of variable block times. The Ethereum node operators should upgrade their nodes before December 1, 2019, to account for the variable block times. Users can track the upgrade's progress online using Ethernodes tools, giving a real-time status of preparations made by miners, exchanges, developers and nodes.
Additionally, the official announcement had a list of final releases that are compatible with the Istanbul upgrade. In addition to Geth and Parity, some exotic implementations include Aleth, Besu and Nethermind. The announcement also included a warning. Once the update occurs, if a user uses an Ethereum client that is not up-to-date, then the node client will sync back to the pre-fork blockchain. This blockchain will not be compatible with the new Ethereum and will not be able to send ether or operate on the post-upgraded Ethereum network.
The Ethereum Foundation said that if users are holding Ethereum (ETH) and/or utilize web wallets, mobile apps, exchanges, and hardware wallets, then they should not upgrade their tools unless asked by administrators of these services. The Istanbul Hard Fork is the last of Ethereum 1.0, as this will open a direct road to the next status of settlement in the Ethereum network - Serenity.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Ripple's XRP set sights on $1.100 following renewed investor interest
Ripple's XRP rallied nearly 20% on Tuesday, defying the correction seen in Bitcoin and Ethereum as investors seem to be flocking toward the remittance-based token.
Dogecoin Price Prediction: Could DOGE ETF spark new all-time high after 130% rise?
Dogecoin rose over 15% on Tuesday as traders anticipate a price move toward the $1 threshold following Bloomberg analyst Eric Balchunas's post regarding a DOGE exchange-traded fund.
Hedera's HBAR rallies nearly 20% as Canary Capital files for HBAR ETF
Hedera's HBAR is up nearly 20% on Tuesday as Canary Capital submitted an S-1 registration to the US Securities & Exchange Commission for an HBAR exchange-traded fund.
Ethereum Price Forecast: ETH down despite hype from Beam Chain unveil
Ethereum is down 1% on Tuesday despite developer Justin Drake proposing the Beam Chain, a new consensus layer that aims to ship a series of changes that will fast-track the Main chain's roadmap to faster block times and quantum resistance.
Bitcoin: Further upside likely after hitting new all-time high
Bitcoin hit a fresh high of $76,849 on Thursday as crypto-friendly candidate Donald Trump won the US presidential election. Institutional demand returned with the highest single-day inflow on Thursday since the ETFs’ launch in January.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.