Ethereum Update to Reduce ETH Supply Likely Coming in August

[Casual]

Pending approval from client teams, EIP-1559 should go live around the date of August 4. The next update to the Ethereum blockchain, which calls for changing how ETH is paid out to miners, is likely to come on August 4 with block 12,965,000—not mid-July as earlier suggested. That block number was officially proposed today on Github by developer Tim Beiko, the Ethereum Foundation's point person on network upgrades. If various Ethereum client teams—the groups who code the various software onramps to the blockchain—agree to the proposal, that target will become official. The date gives the multiple test networks enough time to finish completing the integration and, hopefully, ensuring there are no problems with the code. An error with the previous hard fork, in April, led to about 12% of computers on the blockchain temporarily being unable to sync to the network.source

[Alcor]

Earlier, the date of the London hard fork was indicated - July 14. Of course, I would not want it to be postponed for another three weeks. However, we waited more, we can still wait. The main thing is that everything should be done without undue haste and reliably. Hopefully this will be the last date for this hard fork.