- The Ethereum Istanbul hard fork update was an apparent success!
- There were a few crypto platforms that even voiced their excitement and eagerness to get involved with the update a few days before the hard fork.
- Binance even showed their support for the upgrade last week. Coinbase also tweeted their support too!
The Ethereum Istanbul hard fork update was an apparent success and so following this, several popular platforms announced their official support for the network upgrade.
At the end of last week, the assets network saw some pretty decent collaborations between node operators and miners. This has helped the software to update and showing support for the Istanbul hard fork.
There were a few crypto platforms that even voiced their excitement and eagerness to get involved with the update a few days before the hard fork.
Showing support
One of the biggest crypto platforms in the world, Binance even showed their support for the upgrade last week. Coinbase also tweeted their support in that Ethereum and noted that ERC20 deposits and withdrawals have been resumed on its trading platforms and the node upgrade has been completed.
Ethereum Mainnet has been successfully upgraded. We have re-enabled send/receives to/from Coinbase and Coinbase Pro for ETH and all ERC20 assets. Thank you for your patience.
— Coinbase (@coinbase) December 8, 2019
A few weeks ago, the co-founder and face of Ethereum, Vitalik Buterin tweeted saying that the network will support 3,000 transactions a second following the fork.
Account abstraction, first-class smart contract wallets
— vitalik.eth (@VitalikButerin) November 19, 2019
Casper proof of stake
Resource-efficient light clients
Optimistic rollup, 3000+ TPS post-Istanbul
Non-interactive ZKPs for privacy and scalability
Your staking will be rewarded
Much more TPS post-sharding
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
Investment Disclaimer
