- A few weeks back Ethereum released their all-new update “Istanbul” or 8th hard fork.
- The update makes a win-win situation for ethereum, bringing ethereum transitioned smoothly.
- The new upgrade Muir glacier for activation on block #9,200,000 will go to release next year on the 6th.
The most awaited moment for the ethereum is over, a few weeks back they released their all-new update “Istanbul” or 8th hard fork which is one of the many hard forks of Ethereum 1.x.
Ethereum transition from its current proof of work consent mechanism towards POS (proof of stake) consent .the block, which targeted this time, is block number: #9069000, this new hard fork finally arrived this December. Istanbul embraces 6 different Ethereum Enhancement suggestion (EIPs) out of 11 proposed by the community.
EIPs alter the protocol, which can be requested by anyone. The six EIP for this 8th hard fork version works on denial-of-service (DDoS) resiliency, gas costs (Agron gas), and interoperability with equihash based proof-of-work (PoW) cryptocurrencies. thecoinrepublic.com