- The Ethereum move to upgrade its system is starting to have an impact on its ecosystem.
- The Istanbul hard fork got a lot of hype surrounding it, there’s no doubt about that.
- The difficulty of the Ethereum network is still increasing and is on its way up further.
The Ethereum move to upgrade its system is starting to have an impact on its ecosystem. With different projects already to have complained of smart contracts not fully functioning however, this leaves many people concerned about the general idea of consistent hard forks is starting to become a worry.
The Istanbul hard fork got a lot of hype surrounding it, there’s no doubt about that. The difficulty of the Ethereum network is still increasing and is on its way up further, which in turn makes the job of miners much more difficult.
Ethereum’s image isn’t getting any better thanks to people on Twitter and other social networks either.
4/ Hilariously, on last week’s hard fork, they forgot to actually push the Ice Age forward as they usually do. Yep, forgot. They thought it isn’t time yet.— Udi Wertheimer (@udiWertheimer) December 16, 2019
Literally the genius Ethereum devs didn’t even know their own system well enough to notice that blocks are getting slower.
The Ice Age of Ethereum has already been scattered many times during the scheduled hard forks. As per Cryptovest, “the ETH block reward was lowered. But the project is nowhere close to staking, and miners continue to eke out some of the last rewards. The network also faces criticism for being undecided about inflation levels. So far, the difficulty does not make mining meaningless, but there is some slowing down of blocks.” There’s also the matter of the HEX token. This controversial coin has made an attempt to improve itself based on the network. Ss previously reported by CryptoDaily, HEX token actually just got listed on Bitcoin.com just to get at the bitcoin maximalists, according to the CEO of the firm.
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!