The upcoming Hardfork Ethereum dubbed "Istanbul", there will be activation of two approved Ethereum Improvement Proposals (EIP), EIP 2024 and EIP 1702.
Both will reduce costs while simultaneously facilitating network improvements in the future. Meanwhile, ETH has risen by 22.3% during the past 7 days, trading above the level of IDR 4 million.
The next Hardfork Ethereum, Istanbul, completed what was impossible in the last major increase before, Constantinople.
This increase is a necessary improvement that confirms Ethereum's dominance in the field of smart contracts.
At present, there has been progress regarding Istanbul. By agreeing to two Ethereum Improvement Proposals (EIP) intended for activation on the tentative date in October 2019, this shows how important these two EIPs are.
EIP 2024 introduces pre-compilation to the Ethereum Virtual Machine for a new hash function, Blake2B. The hash function will be used by other blockchain and faster than SHA-3. Often, pre-compilation in EVM is a costly operation.
Meanwhile, EIP 1702 activation will allow for smoother improvements. The proposal was submitted by Wei Tang of Parity Technologies, who introduced something known as the Accounting Version, which was only a new methodology for Hardfork.
Thanks for your helpful information. I have a question: What is EIP? Can you explain to me?Both will reduce costs while simultaneously facilitating network improvements in the future. Meanwhile, ETH has risen by 22.3% during the past 7 days, trading above the level of IDR 4 million.
The next Hardfork Ethereum, Istanbul, completed what was impossible in the last major increase before, Constantinople.
This increase is a necessary improvement that confirms Ethereum's dominance in the field of smart contracts.
At present, there has been progress regarding Istanbul. By agreeing to two Ethereum Improvement Proposals (EIP) intended for activation on the tentative date in October 2019, this shows how important these two EIPs are.
EIP 2024 introduces pre-compilation to the Ethereum Virtual Machine for a new hash function, Blake2B. The hash function will be used by other blockchain and faster than SHA-3. Often, pre-compilation in EVM is a costly operation.
Meanwhile, EIP 1702 activation will allow for smoother improvements. The proposal was submitted by Wei Tang of Parity Technologies, who introduced something known as the Accounting Version, which was only a new methodology for Hardfork.
Wish you have a good day!
