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Author Topic: Three Ethereum Testnets Are Transitioning to the Highly Anticipated London Upgra  (Read 518 times)

Offline Fawpac2

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According to a blog post on the Ethereum Foundation’s website, three Ethereum testnets leveraging the London hard fork will go live during the next few weeks. Ethereum core developer Tim Beiko explained last Friday that the “upgrade will first go live on Ropsten, at block 10499401, which is expected to happen around June 24, 2021.”London Upgrade Begins to Root With Testnet Implementations Slated to Launch Three Ethereum testnets will see the London upgrade applied in the near future which shows progress is being made toward implementing the new features. Essentially, the London hard fork is the upgrade that follows the Berlin hard fork that took place in April 2021.The London hard fork will implement a number of significant Ethereum Improvement Proposals (EIP) in order to prepare for the Serenity (ETH 2.0) upgrade slated for 2022. Two EIPs, in particular, aim to enhance the blockchain’s fee model and the ETH mining ecosystem’s difficulty time bomb.EIP-1559 is the improvement implementation that will tackle the blockchain’s fee model and it was introduced by Ethereum cofounder Vitalik Buterin. Eric Conner, Rick Dudley, Matthew Slipper, Ian Norden, and Abdelhamid Bakhta also contributed to EIP-1559.The EIP-1559 idea says the network will see a transaction pricing mechanism that introduces a base fee for every block found on the network. Essentially, the remainder of the fees will be burned and people assume this will significantly reduce the overall supply of ethereum.Source
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Offline Senin

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Well, hopefully the testing of the London hardfork on June 24th and 30th and July 07th will be successful and the high transaction fees on the ethereum network will disappear forever. For bounty hunters, there is now a big problem with the fact that new projects often move from one platform to another, change wallets, and this introduces nervousness, and very often leads to that. that we are losing already earned tokens. I would like the projects to return to the ethereum platform again and we forget the problems that have arisen.
I read earlier that the next big update for Ethereum 2.0 will be in October. Hopefully, by then, the cryptocurrency market will be ready for the next stage of the bullish period.

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