Ethereum is the world’s go-to platform for decentralised applications and smart contracts but it has long been known that the current protocol is not fit for purpose and would suffer in speed and efficacy if it were to scale.

The latest network upgrade is a hard fork going by the name of “Istanbul“ and it contains six upgrades.

It will enable Ethereum and ZCash to operate together, improve the overall performance and adjust the costs of operational coding.

The upgrades have been added to the network at block number 9,069,000.

This particular hard fork should improve the speed of the entire network and looks to eliminate the spamming of blocks.

This is the eighth upgrade of the smart contract platform.

The hard fork has not moved the price of Ether which at the time of writing is trading at $148.90

Eth is currently trading under $150


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