The long awaited EIP 1559 upgrade, also known as the London hardfork has official gone live today. This upgrade has a lot of significance for the Ethereum blockchain, and may spell a move to address the aching challenge of high gas fees. Per an earlier Coingape report, the potentials of the London Hardfork which went
The long awaited EIP 1559 upgrade, also known as the London hardfork has official gone live today. This upgrade has a lot of significance for the Ethereum blockchain, and may spell a move to address the aching challenge of high gas fees. Per an earlier Coingape report, the potentials of the London Hardfork which went
Ethereum’s London Hardfork went live on blocks 12,965,000 bringing 5 key changes to the network. Among these five Ethereum Improvement Proposals (EIP) implemented today, EIP-1559 is certainly the most talked-about upgrade. While there is a common perception that EIP-1559 would reduce gas fees, the reality is it would only stabilize the transaction fee bracket to
Ethereum’s London Hardfork went live on blocks 12,965,000 bringing 5 key changes to the network. Among these five Ethereum Improvement Proposals (EIP) implemented today, EIP-1559 is certainly the most talked-about upgrade. While there is a common perception that EIP-1559 would reduce gas fees, the reality is it would only stabilize the transaction fee bracket to
The much-awaited Ethereum (ETH) London Hardfork is just a couple of days away with the node syncing in progress, which promises to bring major improvements in terms of scalability and the growing gas fee problem. The upgrade could take approximately 2 more days as 65.6% of the total nodes are ready to sync while the
The much-awaited Ethereum (ETH) London Hardfork is just a couple of days away with the node syncing in progress, which promises to bring major improvements in terms of scalability and the growing gas fee problem. The upgrade could take approximately 2 more days as 65.6% of the total nodes are ready to sync while the
The world’s second-largest cryptocurrency Etheruem (ETH) is up 4.83% in the last 24-hours once again moving past $2300 levels. At press time ETH is trading at $2342 with a market cap of $272 billion. The recent price uptick in ETH comes as developer Tim Beiko announced that the much-awaited Longdon hardfork upgrade to the Ethereum
The world’s second-largest cryptocurrency Etheruem (ETH) is up 4.83% in the last 24-hours once again moving past $2300 levels. At press time ETH is trading at $2342 with a market cap of $272 billion. The recent price uptick in ETH comes as developer Tim Beiko announced that the much-awaited Longdon hardfork upgrade to the Ethereum
On Sunday, July 4, the world’s second-largest cryptocurrency Ethereum (ETH) is showing strong momentum northwards. The Ethereum (ETH) price has moved past its crucial resistance of $2300 for the first time in the last 16 days. With this, ETH’s weekly gains have moved to nearly 20% as the crypto struggled under $2000 for quite some
On Sunday, July 4, the world’s second-largest cryptocurrency Ethereum (ETH) is showing strong momentum northwards. The Ethereum (ETH) price has moved past its crucial resistance of $2300 for the first time in the last 16 days. With this, ETH’s weekly gains have moved to nearly 20% as the crypto struggled under $2000 for quite some
The London Hardfork, also known as EIP 1559 is set to go live on the Ropsten Testnet network in less than 5 hours. The launch on Ropsten is the first of the three proposed testnets the London upgrade is set to debut before the mainnet launch. The mainnet launching is slated for July, at a
The London Hardfork, also known as EIP 1559 is set to go live on the Ropsten Testnet network in less than 5 hours. The launch on Ropsten is the first of the three proposed testnets the London upgrade is set to debut before the mainnet launch. The mainnet launching is slated for July, at a
Ethereum Improvement Proposal (EIP)- 1559 is officially approved to be included in the upcoming London HardFork this July. The proposal was added despite the Miner community’s disapproval after an all-core developers call. The EIP-1559 is believed to alter the transaction processing process where currently users pay a higher gas fee to get their transaction picked
Ethereum Improvement Proposal (EIP)- 1559 is officially approved to be included in the upcoming London HardFork this July. The proposal was added despite the Miner community’s disapproval after an all-core developers call. The EIP-1559 is believed to alter the transaction processing process where currently users pay a higher gas fee to get their transaction picked
For the ETH price to pump, Qiao Wang—a serial startup investor and advisor, says the migration to Proof-of-Stake (Beacon Chain) must be seamless. It will also be a bonus for holders if Ethereum developers fix its monetary policy. Without these two, he observes, there are no major fundamentals to drive prices in the immediate and
For the ETH price to pump, Qiao Wang—a serial startup investor and advisor, says the migration to Proof-of-Stake (Beacon Chain) must be seamless. It will also be a bonus for holders if Ethereum developers fix its monetary policy. Without these two, he observes, there are no major fundamentals to drive prices in the immediate and
Blockchain projects are the face of evolution. In a rapidly changing world, creators must ensure that all cogs fit well and there is no friction. From Ethereum’s end, the subject of most upgrades is around efficiency, security, and adoption. Efficiency talks revolves around end-user’s freedom while adoption is whether the network will soldier on and
Blockchain projects are the face of evolution. In a rapidly changing world, creators must ensure that all cogs fit well and there is no friction. From Ethereum’s end, the subject of most upgrades is around efficiency, security, and adoption. Efficiency talks revolves around end-user’s freedom while adoption is whether the network will soldier on and
While the Istanbul hard fork was a necessary upgrade, it is expected that the second largest blockchain by market cap will implement more changes before transition to Ethereum 2.0. One of them could be the incorporation of EIP 1559 proposals. Effects of Istanbul Hard Fork, Introducing EIP 1559 At the moment, platform users have to
While the Istanbul hard fork was a necessary upgrade, it is expected that the second largest blockchain by market cap will implement more changes before transition to Ethereum 2.0. One of them could be the incorporation of EIP 1559 proposals. Effects of Istanbul Hard Fork, Introducing EIP 1559 At the moment, platform users have to
