Ethereum’s London hard fork to launch Aug 4

Ethereum’s long-awaited London hard fork, which earlier was expected to go live this month, is now going to launch on August 4 between 13:00 UTC and 17:00 UTC with block 12,965,000, Ethereum developer Tim Beiko said in a recent blog post.

Following the successful release of its three testnets, Ropsten, Goerli and Rinkeby, London is one more upgrade on the road to full implementation of Ethereum 2.0, which will transition the popular blockchain network from proof-of-work to proof-of-stake.

The London fork will implement five much anticipated Ethereum Improvement Proposals.  EIP 1559 will makes fees less inflationary and more predictable, which is controversial as it will decrease miner revenue. EIP 3554 will delay the difficulty adjustment until December in preparation for the network’s shift to proof-of-stake.

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