The Berlin Upgrade! Ethereum Developer confirms Berlin Hard Fork for April

The Berlin Upgrade! Ethereum Developer confirms Berlin Hard Fork for April

Blockchain
March 15, 2021 Editor's Desk
399
The Berlin upgrade is all set to go live at block 12,244,000. The upgrade will be positioned on Goerli, Ropstein before they make their way into manners. If all goes as planned, Goerli will go live on March 17, and Rinkeby on March 24, before they get deployed on Mainnent on April 14.  On hard
Berlin Upgrade

The Berlin upgrade is all set to go live at block 12,244,000. The upgrade will be positioned on Goerli, Ropstein before they make their way into manners. If all goes as planned, Goerli will go live on March 17, and Rinkeby on March 24, before they get deployed on Mainnent on April 14. 

On hard fork, Ethereum Improvement Protocols (EIPs) will be implemented. Ethereum developers have revealed that the hard fork will feature an update to the code which will be ready by the Ethereum Virtual Machine (EVM). 

Ethereum developers have advised node operators to upgrade their nodes a week before April 14, which is the estimated date for the blockchain to go live. The official date of Berlin may vary, due to block time flexibility. 

Ethereum Rising Transaction Fees

Ethereum has been working on implementing solutions to address the increased gas fees on the network. Recently, the developers have revealed that EIP 1559 has been approved and will come into action in July or August. 

The proposal will be a major optimization for the network as it will decrease the outstanding transaction fees. The users will only need to pay only while using the network. 

With the Ethereum Improvement Protocol 1559, lowered transaction fees are expected and the base fare will be introduced on the network. 

Every time a transaction is conducted on the network, Ether is burned that reduces gas fees and Ether’s supply. In the long run, this will increase Ether’s worth and address the concern of high gas fees. 

Currently, Ethereum 1.0 has not yet collaborated with Beacon Chain and Ethereum developers have been working on the transition for ETH 2.0 phase. 

With Ethereum’s new projects, Ether witnesses a burst. It was trading around $1,843 on CoinMarketCap and in seven days, it has been up by approximately 18%

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