The entire cryptocurrency market was in free fall yesterday, with all major cryptocurrency reporting a significant slump. The first in the line to succumb, as usual, were the top altcoins and the king coin. At press time, the market remained red, with Bitcoin recording a fall of over 5 percent and Ethereum spotting a negative of over 8 percent in the last 24-hours.
So far, Ethereum has had a rough week: the cryptocurrency, first, grabbed the attention of Samson Mow, the CSO of Blockstream, followed by Ethereum’s client Parity being held responsible for the delay of Istanbul.
Pooja Ranjan – a member of the Ethereum Cat Herders – briefed about the on-going events on a Medium blog on August 29. The report detailed the recent announcements, Istanbul upgrade, EEA’ onboarding Aya Miyaguchi as a board member and its Mainnet initiative.
On the upcoming hard fork, Istanbul, the blog stated that the deadline for clients to complete merging all EIPs was September 6. On one hand, the team will decide the block number for the test net upgrade on the same day. On the other hand, the Mainnet upgrade will be delayed and the date for the hard fork is yet to be decided. The reason for the delay is reported to be Parity’s delay in merging all the accepted improvement protocols.
In terms of client updates, at press time, Geth and Pantheon were the only clients that had merged all EIPs; closely followed by Trinity as the client has an issue with EIP 152 [Blake F], while the other five were merged. Aleth merged three out of the five accepted EIPs, Nethermind merged two and Parity has merged only one so far.
The delay from Parity’s side wasn’t taken well by some community members as they lashed out on social media platform stressing that its developers were more focused on Polka Dot.