Tanya Abrosimova
Independent Analyst
- 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
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