Ethereum’s Istanbul Upgrade to Break Hundreds of Smart Contracts via Aragon Platform

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A September 30 report by Coindesk reveals that Istanbul hard fork, the Ethereum Network’s solution for improving the performance and usage of its Blockchain, would have a system-wide upgrade. The improvement would be carried out via Aragon, a decentralized management platform.

According to the CTO of Aragon One, Jorge Izquierdo, the forthcoming update would affect around 680 smart contracts. He explained that the move is necessary to ensure that Aragon’s decentralized autonomous organizations would function smoothly. Izquierdo also ensured that broken smart contracts would be addressed appropriately. 

As part of the upgrade, Izquierdo clarified that DAOs would be blocked from receiving Ether from one another. He also said that while it’s unfortunate, the Istanbul hard fork upgrade must take place to achieve hard balance. While the Ethereum network is aware that there would be issues afterward, the CTO thinks that they are not considered important enough to delay the much-needed upgrade. 

Early today, the system-wide upgrade of the Istanbul hard fork took place. The event resulted in the Ropsten testnet split. According to a tweet posted by Hudson James, the Ethereum Foundation’s community manager, some miners still opt to use the original Ropsten testnet while others are already trying the new version. 

Meanwhile, Parity Blockchain’s core developer, Wei Tang, had cited in the past his fears about the escalating gas issues in Ethereum. Notably, the Blockchain infrastructure firm operates the core of the network. According to Wei, the problems must be settled first before a hard fork implementation. He stressed that once the mainnet hard fork was launched and the gas issues were left unfixed, Ethereum would find it harder to change course. His remark indicates that the scheduled mainnet launch has to be delayed. 

Vitalik Buterin, the co-founder behind the Ethereum network, was quoted in August confirming that the Ethereum Blockchain faces issues in scalability and that it is almost full. However, he said that there is a solution to the problem. He suggests that developers must forget the notion that every computer has to confirm every transaction to a model, stressing that a computer can only verify a minimal portion of the Blockchain transactions. 

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