Hark forks are a fairly common occurrence within the blockchain industry and are the process by which things such as bitcoin cash and bitcoin SV were created and are an anticipated but sometimes controversial occurrence within the industry with several hard forks taking place each year.
A hard fork for the Ethereum network was scheduled to take place this month and was dubbed the Ethereum Istanbul hard fork. Unfortunately, it has been reported on September 6, 2019, that the Istanbul hard fork has been postponed to October 2019 and this information was confirmed by Hudson Jameson, who is the Ethereum community manager on a developers’ call.
Jameson confirmed that the new hard fork date will be around early October 2019 and this is the second time that the Istanbul hard fork has been postponed.
“For anyone listening in who doesn’t know how this works, we pick a block number that we estimate to be around the 2nd of October. […] However, that might be one or two days behind or forward from that date based on how fast blocks are produced between now and then,” Jameson said.
Previously, it had been announced by Parity, which is a firm that runs the core of the Ethereum blockchain, that the hard work will have to be delayed by two weeks and this was announced by developer Wei Tang and the fork work was moved till September 6, 2019.
“We need time till 6th September to finish the implementation. Not only because we accepted EIPs late but right now we just happened to be a large code base refactoring and we probably want to merge them first before merging Istanbul EIP,” Teng said.
The need for this hard fork has been explained byEthereum founder Vitalik Buterin who stated that the blockchain is almost full and as a result, it is deterring potential Ethereum contributors. According to him, the issue of scalability is already a bottleneck one as the blockchain is almost full and Ethereum will be competing with other blockchains for development space and it is currently already expensive and thus, this necessitates the hard fork.