The Istanbul hard fork is going to take place near 11:30 PM, which is currently planned to happen after 1,000 blocks as Ethereum blocks passed the 9068000 mark. After the switch to Constantinople that occurred in February, Istanbul will be the first hard fork shift for this blockchain-based network. The program that these two stages, Constantinople and Istanbul, are a part of is Metropolis, which was announced two years ago.
Istanbul is changing the Ethereum blockchain, in order to make it more scalable. After this hard fork, the Ethereum network will work better with Zcash, which is a crypto coin centered around privacy. Due to this upgrade, the Zero-Knowledge Succinct Non-Interactive Arguments for Knowledge will become much less expansive. This will provide users the opportunity for showing their awareness without revealing what they actually know. This new technology is considered essential for the privacy updates that Ethereum is making.
According to a post by the Ethereum Foundation that was published on November 20, for users of the Ethereum network and owners of the Ether coin, instructions will be given from their crypto exchanges and wallets. Yet, miners, as well as node operators, should inform clients about changes in the network.
Despite the numerous recent changes in the Ethereum system, it is still unknown what is the network’s future after Istanbul. As Ethereum moves from Proof of Work to Proof of Stake, some users are worried that there will be issues in the network. There have been numerous proposals to ease the challenging developments of the network. The third improvement is going to be called Berlin, however, it is still not known what changes Berlin will bring to the Ethereum network.
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