May 22, 2024

Hard fork took place on the Ethereum network

Hard fork took place on the Ethereum network

Today, December 8, the Istanbul hard fork took place on the Ethereum network. According to Vitalik Buterin, the latter is necessaryFor the fork, the block was mined by the SparkPool project.

Hard fork took place on the Ethereum network

Recall that a hard fork consists of sixEthereum Network Improvement Suggestions (EIP). These proposals are mainly aimed at reducing costs and increasing the scalability of the network. As expected, the network update occurred when the 9069000 block was reached.

Clients for working with Ethereum – Geth,Parity, Besu, Nethermind, Aleth, and Trinity – have also released updated software versions to be compatible with Istanbul. Additionally, some of the leading crypto exchanges like Binance and Bitfinex have also started supporting Ethereum hard fork.

According to the developers, this is not the last update. The next forks called Muir Glacier and Berlin are due in the first quarter of 2020.

Based on materialseng.ambcrypto.com