Can you provide more details about the upcoming Ethereum update scheduled for September? How will it impact the performance and usability of the cryptocurrency?

3 answers

• Dec 16, 2021 · 3 years ago
  The upcoming Ethereum update scheduled for September is known as the London hard fork. It will introduce several important changes to the Ethereum network, including the implementation of EIP-1559, which aims to improve transaction fees and make them more predictable. This update will also introduce the concept of base fee, which will be burned instead of being paid to miners. These changes are expected to have a positive impact on the performance and usability of the Ethereum cryptocurrency, as they will help reduce transaction fees and make the network more efficient. Overall, the London hard fork is an important milestone for Ethereum and is expected to bring significant improvements to the network.
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• Dec 16, 2021 · 3 years ago
  The upcoming Ethereum update scheduled for September is going to be a game-changer. With the implementation of EIP-1559, transaction fees will become more predictable and users will have a better understanding of the fees they need to pay. This will greatly improve the usability of Ethereum, as users will no longer have to worry about high and unpredictable fees. Additionally, the update will introduce the concept of base fee, which will be burned, leading to a reduction in the supply of Ethereum. This could potentially have a positive impact on the price of Ethereum in the long run. Overall, this update is expected to make Ethereum more user-friendly and efficient.
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• Dec 16, 2021 · 3 years ago
  The upcoming Ethereum update scheduled for September, also known as the London hard fork, is expected to have a significant impact on the performance and usability of the cryptocurrency. One of the key changes introduced by this update is the implementation of EIP-1559, which aims to improve the transaction fee mechanism. With EIP-1559, transaction fees will become more predictable and users will have a better understanding of the fees they need to pay. This will make Ethereum more user-friendly and accessible to a wider range of users. Additionally, the update will introduce the concept of base fee, which will be burned instead of being paid to miners. This change is expected to have a positive impact on the supply and demand dynamics of Ethereum, potentially leading to a price increase. Overall, the London hard fork is an important update that will bring improvements to the performance and usability of Ethereum.
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