What are the latest updates on the Ethereum fork?

3 answers

• Dec 28, 2021 · 3 years ago
  The Ethereum fork, also known as the London hard fork, is a significant upgrade to the Ethereum network. It introduces several important changes, including the implementation of the EIP-1559 proposal, which aims to improve the transaction fee mechanism. This upgrade is expected to make transaction fees more predictable and reduce the overall cost of using the Ethereum network. Additionally, the London hard fork also includes the introduction of the EIP-3554 proposal, which delays the difficulty bomb and extends the lifespan of the current proof-of-work consensus algorithm. These updates are expected to improve the scalability, efficiency, and user experience of the Ethereum network.
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• Dec 28, 2021 · 3 years ago
  Hey there! So, the Ethereum fork, also known as the London hard fork, is the talk of the town right now. It's all about making the Ethereum network better and more user-friendly. One of the key changes is the implementation of EIP-1559, which aims to improve the transaction fee system. This means that transaction fees will become more predictable and hopefully lower overall. Another important change is the delay of the difficulty bomb, which is a good thing because it extends the life of the current proof-of-work consensus algorithm. Overall, these updates are expected to make Ethereum faster, cheaper, and more efficient. Exciting stuff, right?
  652218
• Dec 28, 2021 · 3 years ago
  The Ethereum fork, also known as the London hard fork, is a major upgrade that brings some exciting changes to the Ethereum network. One of the key updates is the implementation of EIP-1559, which aims to improve the transaction fee mechanism. This means that users will have a better understanding of the fees they need to pay and it should also help in reducing the overall cost of transactions. Another important change is the delay of the difficulty bomb, which is a mechanism that increases the difficulty of mining over time. This delay ensures that the Ethereum network continues to operate smoothly while the transition to Ethereum 2.0 takes place. These updates are expected to enhance the scalability and usability of the Ethereum network, making it even more attractive for developers and users alike.
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