Ethereum’s development history in a few sentences:
On August 5, 2021, the London upgrade went live. EIP-1559, included in the upgrade, burns the base fee for transactions.
In recent years, Ethereum’s upgrades have focused on several areas: switching to proof of stake, improving the fee mechanism, and reducing data costs for Layer 2 networks.
Be wary of messages claiming that “an upgrade requires you to migrate your tokens”: Ethereum network upgrades never require users to take any action to migrate tokens.
$ETH 2371.38(-1.62%)
#ETH
On August 5, 2021, the London upgrade went live. EIP-1559, included in the upgrade, burns the base fee for transactions.
In recent years, Ethereum’s upgrades have focused on several areas: switching to proof of stake, improving the fee mechanism, and reducing data costs for Layer 2 networks.
Be wary of messages claiming that “an upgrade requires you to migrate your tokens”: Ethereum network upgrades never require users to take any action to migrate tokens.
$ETH 2371.38(-1.62%)
#ETH