Ethereum’s Istanbul Hard Fork Implementation Delayed to Early October

According to CoinDesk on Sept. 6, Jameson said on a developers’ call that the testnet launch of the hard fork is now scheduled to take place in the beginning of October.

Ethereum’s testnet activation of the Istanbul hard fork has been pushed back to early October, according to the community manager of the Ethereum Foundation, Hudson Jameson.

Cointelegraph previously reported on Aug. 28 that Parity, a blockchain infrastructure company that runs the core of the Ethereum network, had already delayed the planned hard fork until Sept. 6.

He added:

“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.”

Another delay for Ethereum’s Istanbul hard fork

Parity core developer Wei Tang said at the time that the organization needed at least two more weeks before devs could proceed in selecting a block number for the Istanbul fork. Tang said at the time:

“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.”

The Ethereum blockchain is slowly filling up

As Cointelegraph previously reported, Ethereum co-founder Vitalik Buterin said that the Ethereum blockchain is nearly full, which seems to deter new adoption by potential Ethereum contributors. Buterin added:

“Scalability is a big bottleneck because the Ethereum blockchain is almost full. If you’re a bigger organization, the calculus is that if we join, it will not only be more full but we will be competing with everyone for transaction space. It’s already expensive and it will be even five times more expensive because of us. There is pressure to keeping people from joining.”

Ethereum-Compatible SKALE Network Raises $17.1M for Mainnet Launch

The SKALE Network, decentralized Ethereum-compatible network, has completed a $17.1 million funding round for mainnet launch.

Solid global backing

Backed by the Liechtenstein’s Node Foundation and United States-based SKALE Labs, the SKALE Network now has over 40 investors in the U.S., European Union, Japan, Korea, Hong Kong and Singapore, according to a press release shared with Cointelegraph on Oct. 1.

The new financing round featured major industry investors including Arrington XRP, ConsenSys Labs, Winklevoss Capital, Multicoin Capital, Blockchange, Hashed, HashKey and Recruit Holdings.

$9.65 million raised for the network in 2018

As previously reported, the SKALE Network is a fully permissionless, opensource, peer-to-peer network that is run using the SKALE utility token staked by decentralized applications (DApps) and supported by SKALE Validator Nodes. The network was announced in October 2018, when SKALE Labs raised $9.65 million in funding for launching the initiative. At the time, SCALE Labs stated that SKALE will be the first implementation of the Ethereum Virtual Machine (EVM) on a Plasma chain.

The SCALE Network is reportedly expected to enable developers easily provision highly configurable virtualized chains with instant compatibility with Ethereum blockchain. According to the press release, SCALE Chains can execute sub-second block times, run over 2,000 transactions per second on every chain, and run full-state smart contracts in addition to decentralized storage, and machine learning in EVM.

In August 2019, SKALE Labs announced the launch of its Fuji DevNet, a decentralized DevNet that is run by a global community of validators including Blockware, Certus.One, Chorus One, Dokia, Figment Networks, Hashed, Staked, StakewithUs, and Stake X, as well as key infrastructure player Bison Trails.

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