Istanbul, the long-awaited update of Ethereum, is almost a reality. Although it is currently in its final tests, the crypto community already has very high expectations of the project. In this article we will describe what to expect and how to prepare for your arrival.
This update is one of the most anticipated by cryptocurrency enthusiasts. Especially for those who bet on Ethereum, as they consider Istanbul the last hope of the cryptocurrency.
To help contextualize a bit, it should be noted that Istanbul is an update that aims to improve security, interoperability and reduce network costs. The project will be implemented in 6 proposals to help improve ETH.
What to expect from the update
First of all, great improvements are expected for the Ethereum cryptocurrency. These modifications will be aimed mainly at the security and speed sectors in the transaction.
But not everything is color of roses. It is important to remember that, no matter how well planned a project is, it is quite likely that at the time of its implementation, not everything will develop as expected. However, this does not mean that the project will fail.
That is why it is considered important to prepare Ethereum users for Istanbul to present small failures in the first days of its implementation. These could make operations slow down a bit or commissions rise.
But, despite this, it is important to remember that the first stages are usually of adaptation and that these small mistakes can be solved quickly.
Because of this, it is recommended that people do not panic if something does not "go according to plan" the first days of Istanbul. Since it can be a minor error that is solved in a matter of hours.
In turn, it is relevant to mention that, although some consider that with the Ethereum update it will be able to recover value in the market, nothing really is written. Therefore, it is not known for sure if as soon as Istanbul is launched, the price of the cryptocurrency will rise immediately.
However, it is recommended not to be discouraged by the lack of immediate results, because this does not indicate the potential of the update.
In conclusion, Istanbul is an update that excites the entire crypto community. But it is important not to get discouraged if you do not show the expected results immediately.
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