• The team of Ethereum developers has discussed the next major network update.
  • ETH/USD is range-bound, staying close to critical support.

Ethereum developers discussed the next major scheduled hard fork during the recent AllDev call. The fork called Berlin will follow Istanbul scheduled for December 4. It is expected to be launched by the end of 2020. 

"Given that there is the Ice Age kicking in in July, if we want to adopt the new model and fork on a 3rd Wednesday, then we probably should be upgrading on mainnet in late June at the latest," a product manager from PegaSys Tim Beiko wrote on Twitter.

Berlin update will implement several important improvements listed on GitHub. One of the suggested improvements is aimed at enhancing  ASIC-resistance by increasing GPU-mining efficiency. This development will make the network more decentralized. 

Notably, the team will deploy Istanbul update on the main net December 4, if everything goes as planned.

Read also: Ethereum developers announced the date of Istanbul hard fork

Meanwhile, EETH/USD is changing hands at $183.00, mostly unchanged since the beginning of the day. The second-largest digital asset with the current market capitalization of $19.7 billion has recovered from the intraday low of $180.64, however, the upside momentum remains weak.

ETH/USD, the daily chart

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD weekend action brushes shoulders with $7,600

Cryptocurrencies stagnated within familiar levels over the weekend. Bitcoin action impressively jumped above the resistance levels at $7,400 and $7,500. The upward leg jumped above $7,600 before forming a high at $7,638.

More Bitcoin News

Ripple Price Analysis: XRP/USD gazes on a risky triangle breakdown

Ripple is ranged confined between $0.21 and $0.2336. The recovery from the low in November around $0.22 lost steam short of $0.24. On the flipside, $0.21 is standing out a formidable support area.

More Ripple News

LTC/USD price halved afte halving, hash rate dropped by 70%

Litecoin (LTC), the sixth-largest digital asset with the current market capitalization of $2.9 billion, has been one os the worst-performing coins of the month out of top-20.

More Litecoin News

Tezos towers the weekend session testing $1.70 crucial hurdle

Tezos was arguably the best performing crypto in the weekend session. After closing the session on Friday at $1.38, the bullish action majestically surged over 30% to brush shoulders with $1.61. Both the trading volume and the market cap corrected higher, where XTZ crossed the $1 billion hurdle. 

More Tezos news

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast

BTC

ETH

XRP