Ethereum’s London, Berlin and Shanghai forks and their role in Serenity
Ethereum network is taking a big step toward a scalable PoS blockchain. Here is how the London and Berlin hard forks fit into the road to Ethereum 2.0. Ethereum (ETH) has enjoyed a good run so far in 2021, with its value increasing from about $1,300 at the beginning of the year, to nearly $4,000 in May. However, Ethereum’s price aside, consistent problems on the Ethereum blockchain have brought to light the anger of traders and decentralized application (DApp) developers on the Ethereum ecosystem. Lack of scalability and high gas fees are the main issues.As one of crypto’s biggest....
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The much-talked-about London upgrade has finally happened on the Ethereum network as ETH arguably moves closer to becoming a deflationary asset. The London hard fork arrived almost on schedule at 12:33 pm UTC on Thursday at block height 12,965,000, ushering in the Ethereum Improvement Proposal (EIP) 1559.With the upgrade triggered, Ethereum will now undergo a significant overhaul of the network’s transaction fee market and other parameters such as gas refunds among others. Under EIP-1559, each transaction on Ethereum will involve burning the base fee, which automatically decreases the....
This is a guest post by Chris Grundy, a Berlin-based Bitcoin enthusiast who works at Bitbond. Despite Germany's recent negative press over the Greek bailout, Berlin remains one of the world's greatest cities for Bitcoin lovers. Whether it's the plethora of innovative bitcoin startups springing up all over the city, the widespread adoption of the cryptocurrency along Berlin's high streets, or the vast amount of investment flooding into the German capital, Berlin's relationship with Bitcoin will be instrumental in shaping its future. Berlin startups have been enjoying an unprecedented level....
Like any good movie, mission impossible music metaphorically came on last night around midnight London time, just hours before the opening of Devcon2, as Geth nodes – used by most of ethereum’s network – suddenly started crashing at block 2,283,416. Some villain, who presumably just wanted to see the world burn, had coded a smart contract asking everyone, in German, to Go Home, while everyone was asleep in Shanghai, resting for the big day. The Hyatt hotel must have been bombarded with phone calls around 4AM Shanghai time sending the impeccable development team, half asleep, to the war....
Serenity Shield, a non-custodial crypto company launches to solve the inheritance issue across the cryptocurrency community. Serenity Shield is launching in a bid to provide users with a non-custodial private key inheritance and a blockchain wealth management system. Announced in April, the platform will “focus on very real issues of managing large sums of wealth […]
The highly anticipated Ethereum hard fork is expected to launch on August 4 at block height 12,965,000 according to Ethereum core developers. The London hard fork will add five Ethereum Improvement Proposals (EIPs) that aim to enhance the blockchain. However, the Berlin hard fork was postponed after a vulnerability was identified by the audit company Chainsecurity and the London hard fork could be delayed as well. London Hard Fork Scheduled for August 4, 2021 Ethereum’s London hard fork is one of the most long-awaited changes in quite some time and will follow the recently....