Sep 18 ·4 min read T he trading in the Crypto has continued to get squeezed in a tight price range.This is visible more in Bitcoin than any of the other Alt.coins.Bitcoin has been stuck in the $10,000–$10,500 area for the past one week.Technically speaking, this is a precursor to a breakout in either direction with both the Bitcoin bears & bulls making their case.I see bigger gains for Bitcoin if it can clear the $11K barrier on a daily close.
On the flip side, a drop below $9K would point to extended weakness.With that in mind let’s take a look at some of the important upcoming events in Alt.
coins.Ethereum’s Istanbul Hard fork The biggest Alt.coin & the premier dApp platform has been slowly moving towards a more scalable & secure solution to serve the growing needs of Crypto adoption.The original scheduled hard fork date of Sep.
04 has been pushed back to Oct.02 now.
The main net activation will also be delayed until after Devcon — Ethereum’s premier developer conference.
There are about 30 EIPs (Ethereum Improvement Proposals) which have been deliberated upon by the developers.
Only six have been accepted to be implemented in the upcoming system-wide upgrade dubbed Istanbul ,while 8 would be implemented in the subsequent Berlin upgrade.The rest were either rejected or withdrawn.Istanbul would include the shift to ProgPoW mining algorithm change — intended to block specialized mining hardware called ASICs from participating in the network.A security audit has already been completed by security consulting firm Least Authority with another one pending completion of the update.Vitalik Buterin, the co-founder of Ethereum, had expressed earlier, “Scalability is a big bottleneck because the Ethereum blockchain is almost full.” This should be the step in the right direction.
Following is the list of EIPs expected to be implemented in the upcoming Istanbul & the subsequent Berlin upgrades.Accepted EIPs (Istanbul): EIP-152 : Add Blake2 compression function F precompile EIP-1108 : Reduce alt_bn128 precompile gas costs EIP-1344 : Add ChainID opcode EIP-1884 : Repricing for trie-size-dependent opcodes EIP-2028 : Calldata gas cost reduction EIP-2200 : Rebalance net-metered SSTORE gas cost with consideration of SLOAD gas cost change Tentatively Accepted EIPs (Berlin): EIP-663 : Unlimited SWAP and DUP instructions EIP-1057 : ProgPoW, a Programmatic Proof-of-Work There is a pending audit , above and beyond standard security considerations, that should be evaluated prior to inclusion.EIP-1380 : Reduced gas cost for call to self EIP-1702 : Generalized account versioning scheme EIP-1962 : EC arithmetic and pairings with runtime definitions replaces EIP-1829 EIP-1985 : Sane limits for certain EVM parameters EIP-2045 : Particle gas costs for EVM opcodes EIP-2046 : Reduced gas cost for static calls made to precompiles EOS’s First Hard fork The seventh biggest Crypto by market cap is intended to undergo its first-ever consensus upgrade on Sept.23 at 13:00 UTC.The block producers have agreed to activate EOSIO v1.8 on the EOS main net on this date.The largest upgrade to the EOS network since its launch would require a hard fork.EOS Nation has reported that 29 out of the 30 block producers on the network have agreed to upgrade at the given time with the status of one of them still unknown (Figure 1).
The hard fork is expected to improve the security and scalability of the network.The parent company of the network Block.one has also reportedly simplified the operation of future hard forks.
SUN Network Update According to Cointelegraph Analytics, Tron is soon expected to release an update for the Sun Network that was officially launched on Aug.11.Tron announced the V1.0 code release of TRON’s sidechain solution, Sun Network.As per the blog, The Sun network has two notable advantages over other scaling solutions — first being the support for smart contract transactions focusing on improving the transactions speed on the Main net & second being the support for a much more customized sidechain.The sidechain provides incentives, transaction rates & speed confirmation among others, catering to varying developer groups and their needs.
Apart from the smart contract optimized sidechain, scaling projects like smart contract optimized application DAppChain and other cross-chain communication features have also been added to the Sun network.NEO 3.0 Upgrade And finally the 20th largest Crypto by market cap, Neo is eyeing a major upgrade in the second quarter of 2020.Neo 3.0 upgrade is expected to be launched as a new blockchain network being created from a genesis block.The migration would require the swapping of the current tokens with the new ones.Concurrently, all transaction & data records would be migrated to the newer version as well.
The Chinese Ethereum challenger needed this upgrade to implement several architectural improvements as outlined by the platform’s co-founder and core developer Erik Zhang.Dapp developers can continue to build dApps as the newer version would be backward compatible.NEO launched NEO3 Preview1 on a pilot testing network, introducing its developer communities to major updates in NEO3..
