- Istanbul implementation may be delayed as Parity developers need more time.
- The hard fork will contain critical network updates.
The scheduled Ethereum hard fork Istanbul can be postponed as Parity's developer team is not ready to deploy critical upgrades to the test network Ropsten on time.
Istanbul shall be activated on the test network before the update is launched on the mainnet.
However, Parity's developer Wei Tang believes that the team needs more time to fulfill the tasks.
“We need time till September 6 to finish the implementation. Not only because we accepted EIPs late but right now we just happened to be a large code base refactoring and we probably want to merge them first before merging Istanbul EIP,” he explained.
A testnet block number was supposed to be picked on the last Friday call, on August 23. However, it did not happen due to Parity. The team needs to finish their work before a testnet number is picked.
The mainnet hardfork was scheduled for October 4th, just before before the Devcon5 conference in Osaka, but now it might be postponed until November depending on Parity's progress and testnet deployment results.
Currently, about 21% of nodes within the Ethereum network use Parity client. Geth is supposed to be the most popular client as it is used by 76% of nodes. Notably, Geth developers have already implemented all the required updates.
Earlier in August Ethereum developers approved the final details of the upcoming Istanbul hard fork. It will be activated in two steps. The first step was supposed to happen in October and include all six updates (EIPs).
The second step will take place in the first quarter of 2020. It will include changes that still require more work and testing, like new ProgPoW mining algorithm.
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
Bitcoin Weekly Forecast: BTC nosedives below $95,000 as spot ETFs record highest daily outflow since launch
Bitcoin price continues to edge down, trading below $95,000 on Friday after declining more than 9% this week. Bitcoin US spot ETFs recorded the highest single-day outflow on Thursday since their launch in January.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Solana Price Forecast: SOL’s technical outlook and on-chain metrics hint at a double-digit correction
Solana (SOL) price trades in red below $194 on Friday after declining more than 13% this week. The recent downturn has led to $38 million in total liquidations, with over $33 million coming from long positions.
SEC approves Hashdex and Franklin Templeton's combined Bitcoin and Ethereum crypto index ETFs
The SEC approved Hashdex's proposal for a crypto index ETF. The ETF currently features Bitcoin and Ethereum, with possible additions in the future. The agency also approved Franklin Templeton's amendment to its Cboe BZX for a crypto index ETF.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin (BTC) price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot Exchange Traded Funds (ETFs) in January and the reduced supply following the fourth halving event in April.
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.