Parity Delays Ethereum Network Hardfork over Implementation of EIPs

EtherWorld founder Pooja Ranjan provided notes from Ethereum Core Devs Meeting 69 via GitHub on Aug. 24 – a day after the dev meeting occurred. According to Parity core developer Wei Tang, the organization needs two more weeks before devs can proceed in selecting a block number for the Istanbul fork.

Parity, a blockchain infrastructure company that runs the core of the Ethereum network, is delaying the Ethereum core devs’ planned hardfork until Sept. 6.

One of the upshots of the meeting is that block number for the hardfork will occur after Parity’s implementation is complete. The devs decided on Sept. 6 as the deadline for the groups to implement their Ethereum Improvement Proposals, or EIPs.

Additionally, they decided that a mainnet hardfork will only occur after a testnet block number is picked, and that the mainnet fork may be delayed.

Waiting on Parity

According to Ranjan’s notes, Tang said that Parity will need until Sept. 6 for its implementation:

“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.”

Wei also cited concerns pertaining to gas issues, cautioning that it would be best to resolve them before implementing a hardfork. According to Wei, it’s preferable to fix these gas issues before launching a mainnet hardfork, since it will be more complicated to change course once the fork has already occurred. This, in turn, he argued, may actually delay the mainnet’s launch even more.

The Ethereum blockchain is filling up

As previously reported by Cointelegraph, Ethereum co-founder Vitalik Buterin recently said that the Ethereum blockchain is nearly full. This reportedly deters new adoption by potential Ethereum contributors. Buterin explained:

“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 keeping people from joining.”

Online Lender SoFi to Launch Bitcoin and Ethereum Trading Next Week

Online lender SoFi announced its crypto trading platform will go live next Tuesday.

Bitcoin, ethereum and litecoin will be the first digital assets available to trade on its SoFi Invest platform, CEO Anthony Noto told Fortune in an interview published on Wednesday.

With the new platform, SoFi joins a number of digital-first trading firms – including eToro and Robinhood – to enter the crypto market.

Noto said cryptocurrency trading option has been long-requested by his firm’s clients. The firm targets millennial investors through its student loan consolidation service.

Coinbase was tapped to provide the firm’s crypto liquidity, as previously announced in February. The partnership will also allow SoFi customers to track crypto price movements.

The firm states it hopes to become registered in all 50 states within a few months, noting that trading will not be available in New York or New Jersey at launch.

New Platform Helps Developers Tokenize Their Games on Ethereum

A new initiative aims to make game creation and creative projects on the blockchain simpler for a wider community.

Today, Feb. 18, blockchain startup Enjin launched its gaming and digital collectibles creation platform on the Ethereum mainnet.

Platforms such as Enjin’s consider that the blockchain can and should be used for purposes beyond currency and value transfer.

Commodities such as video games, digital art and even memes can be tokenized and monetized, circulating in a peer-to-peer community using blockchain technology.

For this kind of ecosystem, a unique but tradeable blockchain asset – known as a non-fungible token – can be used to represent all manner of virtual – and equally, real-world – goods.

Unlike many digital tokens and currencies, non-fungible tokens are a form of a digital collectible: non-fungible meaning they are not interchangeable, carrying unique information (metadata) and varying in their level of rarity.

Enjin’s pitch is that they provide a simplified interface for users to design and market their games without needing to get into the nitty-gritty of mastering code and blockchain infrastructure engineering skills.

The platform allows users to create both fungible and non-fungible tokens, and to customize their supply model, transfer fees, value and other parameters.

Game and other product creators can also use an Enjin-hosted blockchain-based crowdfunding model to raise capital for their development needs – offering investors either digital currencies or in-game assets that can be later be used or exchanged.

Popularizing blockchain

As reported this week, digital collectibles and blockchain-based gaming ecosystems are quickly gaining traction as a lucrative industry, providing a means for individuals and enterprises to efficiently monetize online viral phenomena and branded products.

The field has attracted household names such as Microsoft, Formula 1 and Atari – the developer behind the iconic video games Tetris and Pac Man.

Last year, Ethereum co-founder Vitalik Buterin argued that developments such as NFTs and gaming are potential sectors that can help propagate and broaden blockchain’s appeal.

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