ETH Weekly | Istanbul hard fork is tentatively scheduled for December 4; Ethereum futures "may" be launched in 2020 (10.21-10.27)

Author | Qin Xiaofeng

Author | Qin Xiaofeng

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1. Overall overview

1. Overall overview

On October 25th, Ethereum researchers tweeted that the current team has initially reached a consensus that the Ethereum Istanbul hard fork date is set on December 4th, and just in case, January 8th is set as a backup date.

Second, the secondary market

Second, the secondary market

1. Spot market

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(ETH daily chart, picture from OKEx)

(ETH daily chart, picture from OKEx)

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(data from AIcoin)

(data from AIcoin)

In terms of funds, the funds fluctuated greatly this week. The net outflow of funds was the largest on Wednesday, exceeding 70 million US dollars; the net inflow of funds on Friday was relatively high, exceeding 48 million US dollars.

(data from Tokenview)                                                                                               

(data from Tokenview)

Tokenview dataimage description

(more than 50,000 ETH transfers)

3. Ecology and technology

3. Ecology and technology

1. Development and technology

1. Development and technology

(1) The Istanbul hard fork of Ethereum is tentatively scheduled for December 4th

On October 25th, PegaSys Protocol Engineering product manager Tim Beiko tweeted that the team has initially reached a consensus that the Ethereum Istanbul hard fork date is set for December 4th, and just in case, January 8th is set as a backup date. (Twitter)

(2) V God: Ethereum will serve 1 billion users in the future

On October 22, Vitalik responded to multiple questions from the community in the online AMA. When asked "How much is the final TPS in the ultimate state?" V God said: "One billion users, one transaction per user per day, or 11,500 transactions per second. But it will take us several years to reach 1 billion users, so there is no need to work hard to reach 1 million TPS now." (Unitimes )

(3) ETH 2.0 Coordinator: Ethereum developers reduce shards from 1024 to 64

ETH 2.0 coordinator Danny Ryan said that Ethereum developers seem to have made some changes to ETH 2.0 at the last moment, reducing the number of shards from 1024 to 64; Design Phase 1 on it. According to previous reports, Vitalik forwarded his proposal on the simplification of the Eth2 shard chain on Twitter, proposing to reduce the number of shards to speed up the implementation of the sharding project. (Trustnodes)

Fuel Labs, a non-profit organization founded by a small group of ethereum developers, released a solution called Fuel in a blog post yesterday. line, and pass security audits to ensure its safety. The team "conservatively estimates" that Fuel could reduce transaction costs on Ethereum by a factor of five. Most importantly, it can increase the number of transactions that Ethereum can process per second from 10 to 50. Going forward, this number will rise to 2,000 transactions per second, or even reach 1 million. (Decrypt)

2.DEX

according toDAppTotal.com DEXimage description

(picture fromDAppTotal.com DEX）

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3.Dapp

according toDappreview dataDappreview data

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(data from etherchain.org)

etherchain.orgThe data shows that the current average mining difficulty is 2439 T, a month-on-month decrease of 1.26%; the average computing power decreased by 3.9% month-on-month, temporarily reported at 182.4 TH/s. Due to the sharp drop in currency prices in the first half of the week, the activity of miners has decreased, and the number of new addresses this week has decreased by about 20% month-on-month.

(Mining difficulty changes)

4. News

4. News

1. Ethereum futures 'could' launch in 2020

At Washington Fintech Week, Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert mentioned that the crypto world will see Ethereum futures contracts sometime in 2020. Tarbert said he is "absolutely" confident that ethereum futures will be tradable within the next six to 12 months. LabCFTCThe CFTC is currently upgrading its financial technology research unit

, the group has published an introductory textbook on smart contracts and requested information on the ethereum cryptocurrency.

It is worth noting that V God, the founder of Ethereum, began to intensively delete subjective remarks between February and September this year, including "I hold 0.35% of the total Ethereum", which is quite rare for V God . According to sources, this move may be related to the declaration and launch preparation of compliant Ethereum futures. (Coindesk)

2. BitPay announced the list of merchants that support Ethereum payment, including Amazon and Microsoft

BitPay, the world's largest blockchain payment provider, announced that its applications and multiple merchants have begun to support Ethereum payments, and announced a series of merchants that support Ethereum payments, including Amazon and Microsoft.

3. The Ethereum Foundation donated $25,000 to UNICEF

For the first time, the Ethereum Foundation donated 1 BTC and 100 ETH to the United Nations Children's Fund (UNICEF) Crypto Fund, with a total value of about 25,000 US dollars. These funds will initially be used to provide and improve Internet access in public schools around the world. enter. (CoinDesk) [Original link]

4. PlusToken initiated a large number of on-chain transactions again, transferring 20,000 ETH

On October 21, 20,000 ETH was transferred from the ETH address of the currency circle fund project PlusToken. In July this year, PlusToken ran away. At that time, although PlusToken could no longer be withdrawn, there were two addresses with about 789,000 and 20,000 ETH left on the Ethereum network. (LongHash)

5. Samsung Galaxy S10 encrypted wallet adds support for Axie Infinity

Axie Infinity, a collectible game based on the Ethereum blockchain, announced on Monday that it has reached a partnership with Samsung, and the encrypted wallet of the Samsung Galaxy S10 will add support for Axie. (Sludge feed)

6. Head of Consensys Global Product Strategy: Ethereum 2.0 validators expect an annualized rate of return of 4.6% to 10.3%