Ethereum Istanbul hard fork soon, major client node upgrade rate is less than 40%

Trustnodes reported on December 4th that the Ethereum Istanbul hard fork will take place in three days, but only 38% and 42% of the Ethereum clients Geth and Parity have completed the upgrade, respectively.

Ethereum coin with forks on motherboard

Image source: visualhunt

According to data on Ethernodes, 1035 Geth nodes have been upgraded, but nearly 1700 have not been upgraded. Parity has 338 nodes that have been upgraded, and nearly 500 that have not yet been upgraded.

Ethereum Istanbul hard fork node upgrade diagram in December 2019

The above figure only tracks 3,500 Ethereum nodes that are defined as "ready and synchronized clients seen on the Ethereum network in the past 24 hours."

In total, the Ethereum network has about 7000 accessible nodes, but only half of them are active, and less than half of the nodes have been upgraded.

Assuming that both the miner and the enterprise node have been upgraded, the overall proportion is not necessarily important, because other nodes only verify themselves, not the public like the enterprise node, or the production block like the miner.

Therefore, at the technical level, as far as the network is concerned, less than half of the user upgrades are not important, but this is a hard fork, meaning that the nodes that have not been upgraded will not be able to operate after December 7.

This slow node upgrade is not uncommon, but it does show that there is a general lack of interest in this fork, which is basically a maintenance upgrade without any major features, and the Ethereum community usually pays attention to this feature.

On the contrary, some upgrades on the efficiency of gas calculations can allow miners to increase the gas limit (block size), but their capacity limit is more political than technical.

Miners generally agree with the view that a few expensive transactions will bring them more profits than many low-cost transactions.

However, such costs are currently quite low, at about $ 100,000 per day, but this figure reached $ 5 million per day in January 2018.

Although the orphan block rate (uncle block) has dropped significantly, miners still keep capacity at a fairly limited level. This situation seems to continue for at least a year or more, but at least Ethereum will have an upgrade this year.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

The Ripple-Metaco Deal: Paving the Way for XRP’s Galactic Takeover

Fashion enthusiasts rejoice as top banks and financial institutions continue to come on board after Ripple's deal wit...

Finance

🚀 Bakkt’s Financial Crisis: A Test of Survival 🤔

Bakkt, a cryptocurrency company backed by Intercontinental Exchange (ICE), is taking steps to address financial chall...

Market

[Title in title-case]

Fashionista a16z to Raise $3.4 Billion for Next Early and Seed-Stage Funds By End of Year

Market

The Philippines Unveils Plans for Wholesale CBDC, Taking a Different Path

The Philippines is embarking on a unique CBDC journey that distinguishes it from other countries, offering new opport...

Blockchain

FTX Chief Exposes Wild Spending: From Real Estate to Celebrity Endorsements!

On Monday, October 16, FTX's head engineer Nishad Singh revealed the extravagant expenditures made by SBF and his ass...

Blockchain

Foresight Ventures Acquires The Block: A Crypto Power Move!

Fashionista Acquisition Foresight Ventures Takes $60 Million Majority Stake in Crypto News Media Firm, The Block