According to the core developers of Ethereum, the highly anticipated hard fork of Ethereum is expected to be launched on August 4 at a block height of 12,965,000. The London hard fork will add five Ethereum Improvement Proposals (EIPs) aimed at enhancing the blockchain. However, after the audit company Chainsecurity discovered the loopholes, the Berlin hard fork was postponed, and the London hard fork may also be postponed.
The London hard fork is scheduled to take place on August 4, 2021
Ethereum’s London hard fork is one of the long-awaited changes for a long time, and it will follow the recently implemented Berlin hard fork. The London upgrade aims to complement the Ethereum 2.0 transition, which will transform the ETH chain from Proof of Work (PoW) to Proof of Stake (PoS).
Just recently, Bitcoin.com News reported on three Ethereum testnets that are preparing to take advantage of the London hard fork. Now, after adapting the testnet Goerli and Ropsten, the implementation has been successful, and pull request #223 is officially merged.
Ethereum core developer Tim Beiko explained: “This pull request proposes block 12965000 for the mainnet activation of the London network upgrade.” “The estimated time of arrival of this block should be at 13:00 UTC on August 4, 2021. Between 17:00 UTC. We have agreed with ACD116 to decide that the block is asynchronous and try to complete the client release for ACD117 (July 9).” Becco added:
If we can roughly reach that timetable, then August 4th should provide enough time to promote client versions compatible with the mainnet and allow infrastructure providers [and] Node operator upgrade.
The biggest changes added to the blockchain include EIP-1559 and EIP-3554. EIP-1559 will change the rate of Ethereum to a new plan to deflate the encrypted asset ETH.
EIP-3554 confuses the difficulty bomb of miners to simplify the transition from PoW to PoS. In addition, the upcoming fork will also have EIP-3198: BASEFEE opcode, EIP-3529: refund reduction and EIP-3541: rejection of new contracts beginning with 0xEF bytes.
What do you think of the upgrade date of Ethereum London? Please tell us your thoughts on this topic in the comments section below.
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