RATE Group | Ethereum’s Contract Failure Rate Rose Drastically After Istanbul Hard Fork
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Ethereum’s Contract Failure Rate Rose Drastically After Istanbul Hard Fork

12 Dec Ethereum’s Contract Failure Rate Rose Drastically After Istanbul Hard Fork

Posted at 11:03h in Ethereum News by

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While running more or less smoothly from a technical perspective, Ethereum’s Istanbul upgrade has caused some problems within the network’s operations.


Smart Contracts Fail


Antoine Le Calvez, Data Engineer at Coin Metrics, highlighted on his Twitter page some of the problems of Ethereum (ETH) network caused by switching to the Istanbul rules. After launching its hard fork last Sunday, the price of gas (small transaction fee used to reward Ethereum miners) was redesigned.


It is from these gas price dynamics that led to unexpected consequences. According to Mr. Le Calvez:


on a global level, smart contract calls running out of gas became much more frequent following the hard fork.


La Calvez calculated the rate of smart contract failure due to gas insufficiency and noted that “failure rates more than quadrupled”.

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