{"id":405257,"date":"2019-11-23T07:45:20","date_gmt":"2019-11-23T07:45:20","guid":{"rendered":"https:\/\/wncen.com\/?p=405257"},"modified":"2019-11-23T07:39:35","modified_gmt":"2019-11-23T07:39:35","slug":"a-major-ethereum-upgrade-is-imminent-here-are-the-key-points-to-remember","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/a-major-ethereum-upgrade-is-imminent-here-are-the-key-points-to-remember\/","title":{"rendered":"A Major Ethereum Upgrade is Imminent: Here Are The Key Points to Remember"},"content":{"rendered":"
Ethereum has had the week from hell. Despite solid fundamentals and a growing decentralized finance ecosystem, the world\u2019s second largest crypto asset has dumped 20% since Monday. A major upgrade is imminent for the ETH network but can it revive prices?<\/p>\n
The eighth hard fork for the Ethereum blockchain is upon us and will occur in two weeks\u2019 time around December 6 according to the Istanbul countdown<\/a>. The fixed block number for the transition is 9069000 and the network upgrade is one of many on the path to Serenity<\/a>, or ETH 2.0.<\/p>\n ConsenSys founder Joseph Lubin posted an update detailing the changes taking place on the network.<\/p>\n The #Ethereum<\/a> Istanbul network upgrade is just around the corner!<\/p>\n With 6 new EIPs being implemented, this fork will align opcode computational costs, make layer 2 solutions using SNARKs and STARKs more performant, enable zCash interoperability, and more.https:\/\/t.co\/nQUvZP8mG8<\/a> pic.twitter.com\/yS3IaMbr8P<\/a><\/p>\n — Joseph Lubin (@ethereumJoseph) November 22, 2019<\/a><\/p><\/blockquote>\n\n