web analytics
TOP Online Casinos That Accept Cryptocurrencies
1st Deposit Bonus:
1 BTC
Bonus for New Players
100% MATCH BONUS
5.0 rating
5.0
1st Deposit Bonus:
2 BTC
Bonus for New Players
100% MATCH BONUS
4.5 rating
4.5
No Deposit:
1.5 mBTC FREE
Exclusive Offer
Claim Free Crypto!.
4.0 rating
4.0

Ethereum: Ahead of Istanbul Hard Fork, Centralization Questions Pour

Ethereum ETH Istanbul

Ethereum developers should be applauded. They are hard at work, readying the smart contracting platform for a system-wide upgrade, Istanbul, a necessary hard fork that completes Metropolis and set the ground rolling for Ethereum 2.0, a renewed version of the open ledger that incorporates Proof of Stake consensus algorithm and projected to be ready by 2023. The revamped network will not only resolve scalability problems but cement its position as a go-to platform for launching dapps.

680 Aragon one Smart Contracts will be Broken

However, ahead of the anticipated software upgrade, scheduled for activation at block height 9,069,000, not all are happy. Displeased by the influence of Vitalik Buterin, the whizz kid, the co-founder of Ethereum, and Ethereum Foundation, they seem to complain that their effort will count for nothing if there are not endorsed by the two.

Posting a tweet, a user, notgrubles, is obviously discontented, saying:

“You can do whatever you want on Ethereum until Vitalik and the Ethereum Foundation pull the rug from underneath you.”

This could stem from the fact that Istanbul will break 680 Aragon smart contracts upon release. Aragon One describes itself as the first digital jurisdiction that is manned entirely by Ethereum smart contracts.

As a decentralized management platform incorporating DAOs, activation of Istanbul will prevent the platform’s decentralized organizations from receiving or transferring ETHs from one another.

Commenting, Jorge Izquierdo, the CTO of Aragon One said:

“The issue we’re going to have hasn’t been deemed important enough for this hard fork not to happen, which from our point of view is unfortunate [but] it’s a hard balance we understand.”

Developer Centralization

Vitalik is seen as Ethereum God-father and whatever he says or endorses, critics claim, should be interpreted as gospel, an observation that doesn’t sync well with a section of developers who view blockchain projects as collaborative and proposals open for criticism.

In recent times, more people are increasingly becoming vocal, raising their voices and highlighting the apparent developer centralization problem that is quickly encroaching the network.

While Vitalik is critical, Ethereum remains one of the most active blockchain projects. Developers, despite being enticed to join competing networks as Tron or EOSIO through irresistible offers, remain steadfast, building and improving the system.

The post Ethereum: Ahead of Istanbul Hard Fork, Centralization Questions Pour appeared first on Coingape.



Source: Ethereum: Ahead of Istanbul Hard Fork, Centralization Questions Pour

Leave a Reply

Your email address will not be published. Required fields are marked *

NOT REQUIRED
Bonus Code
Get 25 FREE SPINS on Book of Dead
NOT REQUIRED
Bonus Code
1.5 mBTC FREE
Valid Until: Dec 31, 2020
NOT REQUIRED
Bonus Code
100% match bonus based on first deposit of £/$/€20+. Additional bonuses.
Valid Until: Dec 24, 2019
N/A
Bonus Code
100% match bonus based on first deposit of £/$/€20+. Additional bonuses.
Valid Until: Dec 31, 2019