Vitalik Buterin applauds the success of the London hard fork
Vitalik Buterin, co-founder of Ethereum stated that the success of the London hard fork has given him more confidence in the upcoming merge to the Ethereum 2.0 chain. The EIP-1559 district, according to Buterin, is “definitely the most important part of London.” according to Bloomberg News from Singapore. As a result of the upgrade, which was completed approximately 15 […]
Aftermath of the London upgrade: Ethereum network burns $395K ETH per hour
A total of 2.3 Ethereum per minute or $6,600 is being consumed at the current rate. By using the new transaction fee mechanism, which was implemented as part of Ethereum’s London upgrade on August 5, approximately 2.3 ETH is burned every minute. Last week, the much-anticipated London hard fork went live, ushering in the EIP-1559 […]
FTX Supports Ethereum Game Axie Infinity’s Play-to-Earn ‘Scholars’
FTX has partnered with Yield Guild Games to help players in developing countries earn a living by battling monsters. In recent months, the Ethereum-based video game Axie Infinity has risen to become the most popular cryptocurrency game available, and its play-to-earn model is giving some players—particularly those from developing countries—a chance to make a living simply […]
Ethereum’s London hard fork is now live
Ethereum’s hard fork the highly-anticipated upgrade to crypto’s second-largest network is now live, the upgrade hopes to bring in new changes. The London hard fork of Ethereum has just been completed at block number 12965000. The fork delivers five major changes to the network, the most prominent of which is EIP-1559 . Though it has […]
Here’s what could go wrong with the Ethereum Hard Fork taking place in few hours
EIP-1559 has the potential to drive up the price of Ethereum while making transactions more convenient. Some, however, caution that it is not as straightforward as it appears. As part of an upgrade to the Ethereum network scheduled for Thursday, five Ethereum Improvement Proposals will be implemented into the blockchain’s code. EIP-1559 is the change […]