Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Mahindra on July 09, 2021, 04:19:12 AM
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The Ethereum network will undergo a major upgrade on Aug. 4, as the long-awaited London hard fork is expected to launch at block 12,965,000. The transition is part of a roadmap leading to the Ethereum 2.0 release, which aims to migrate the network to a proof-of-stake consensus mechanism.
By no longer depending on the intense energy-consumption mining, the main goal is to drastically increase the network's capacity by using parallel processing, also known as sharding.
The upcoming London upgrade will implement the critical Ethereum Improvement Proposal EIP-1559, making Ether (ETH) gas costs more predictable. This controversial change includes a transaction fee burn process which could potentially turn Ether into a deflationary asset.
For the last month, Ether's price has been in a bearish rut even though the price recovered well from the drop to $1,500, but traders are still wary about opening positions. For the current type of price action, options strategies provide excellent opportunities for investors with a narrow-range target for an asset. others info (https://cointelegraph.com/news/bullish-on-ethereum-s-london-hard-fork-here-s-an-options-strategy-pro-traders-use)
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I read that there was only a proposal to introduce the London hard fork into the main network not on July 14, as planned, but three weeks later - on August 04. Was this proposal supported? On the contrary, I would like to see the updated ethereum as soon as possible. Given the popularity and demand for ethereum, while improving its functional characteristics, it should increase significantly in price.
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The cryptocurrency—they’ll just have exposure to it. Grayscale and Osprey are firms that allow investors to have a stake in the crypto world by letting them buy shares that track the price of assets like Bitcoin and Ethereum. Grayscale and Osprey do all the complicated stuff—like buying and storing the cryptocurrencies.
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Welcome to the world of MEV, also known as miner extractable value or sometimes maximal extractable value. It refers to how much Ethereum miners can make—not simply from processing users' transactions and adding blocks to the chain, but by choosing what goes into each block and in what order.