The upcoming Ethereum network update called Istanbul will lead to disruptions in many decentralized applications (dApps). This opinion in a conversation with CoinDesk was expressed by the technical director of Aragon One Jorge Izquierdo.
According to him, the work of about 680 smart contracts involved to manage dApps on the Ethereum blockchain in the Aragon infrastructure will be disrupted.
Up until now, DAOs could receive ETH from one another. This will no longer be possible after the Istanbul hard fork.
CTO, Aragon One
Representatives of the Kyber Network Ethereum token exchange platform noted that in their case, a hard fork will affect only one smart contract.
Problems are associated with the implementation of the Ethereum Improvement Proposal (EIP) 1884, which is designed to protect the network from congestion and ensure its stable growth, however, increasing the cost of gas for three resource-intensive operations. The costs for the so-called SLOAD operation will grow the most - from 200 to 800 gas units. This will be the main cause of problems with the execution of Aragon smart contracts.
In one Kyber transaction, we actually use a lot of SLOAD operations. So after [Istanbul] is in effect, the price of most of our transactions will go up by 30 percent.
Co-founder, Kyber Network
Back in 2016, the cost of SLOAD operations increased significantly - from 50 to 200 units of gas. Then Ethereum users were much smaller and the market price of the ETH coin was much lower. In the current environment, confident in Kyber Network, the next wave of SLOAD cost growth can have a significant impact on users and developers.