Main navigation

Ethereum Core Devs Answer Community’s Questions Regarding Instanbul Hard Fork

News
Thu, 12/05/2019 - 10:03
article image
Yuri Molchan
Ethereum core devs have answered questions from the community on Reddit regarding the approaching hard fork, and Binance has announced its support for Istanbul
Ethereum Core Devs Answer Community’s Questions Regarding Instanbul Hard Fork
Cover image via 123rf.com
Read U.TODAY on
Google News
Contents

The Ethereum major upgrade Instanbul is expected to happen on December 7, at block 9069000. Some of Ethereum core developers decided to answer the questions the ETH community may have and set up an AMA session on Reddit yesterday, on December 04.

They also had a video conference on Zoom and later on uploaded it to YouTube. Meanwhile, the major Binance crypto exchange has announced it will be supporting the approaching Ethereum hard fork.

Ethereum devs’ AMA on Reddit

The announcement on Reddit says:

“The Ethereum Magicians decided to invite the Ethereum Cat Herders, core developers, and others to join the community call about Istanbul Hard Fork.”

Reddit AMA ETH
Image via Reddit

The community indeed asked an armful  of questions regarding practical issues of using Ethereum and its wallets after the hard fork is complete.

ETH Reddit
Image via Reddit

Earlier, U.Today reported that the majority of Ethereum clients (about 60 percent) have not been updated yet, so they seem not to be ready for the approaching hard fork on the second biggest blockchain platform that has been expected for a very long while and postponed a few times.

Details of the hard fork

All Ethereum nodes must be upgraded before December 1. Otherwise, after the upgrade takes place, the clients that are not upgraded will roll back to the pre-fork Ethereum ledger and with not be compatible with the new Ethereum, will not be able to send ETH or work on the upgraded Ethereum chain, as reported by U.Today previously.

Related
Justin Sun Promises Samsung’s Tron KeyStore to Spread to Scandinavia and Australia by End of 2019

Binance to support Instanbul

The biggest crypto exchange Binance took to its Twitter page to announce that it will support the Ethereum hard fork.

The team promises that ETH trading on the platform will remain unaffected during the upgrade integration.

“Please note that trading of ETH will not be affected during the upgrade.”

Binance reminds the community that no new coin will launch as a result of the hard fork, it will be a system upgrade.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.