Ethereum: Ahead of Istanbul Hard Fork, Centralization Questions Pour

Ethereum ETH Istanbul
Pixabay: Vjkombajn

Ethereum: Ahead of Istanbul Hard Fork, Centralization Questions Pour

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.

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Ethereum: Ahead of Istanbul Hard Fork, Centralization Questions Pour
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Ethereum: Ahead of Istanbul Hard Fork, Centralization Questions Pour
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There are centralization complains ahead of Ethereum's Istanbul. It is a hard fork that will complete the Metropolis stage and set the ground for Serenity.
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Author: Dalmas Ngetich

Dalmas is a very active cryptocurrency content creator and highly regarded technical analyst. He’s passionate about blockchain technology and the futuristic potential of cryptocurrencies and enjoys the opportunity to help educate bitcoin enthusiasts through his writing insights and coin price chart analysis. Follow him at @dalmas_ngetich

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Dalmas Ngetich 333 Articles

Dalmas is a very active cryptocurrency content creator and highly regarded technical analyst. He’s passionate about blockchain technology and the futuristic potential of cryptocurrencies and enjoys the opportunity to help educate bitcoin enthusiasts through his writing insights and coin price chart analysis. Follow him at @dalmas_ngetich

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