Ethereum’s development history in a few sentences:
On August 5, 2021, the London upgrade was activated. EIP-1559, included in the upgrade, burns the base fee of transactions.
Ethereum upgrades are generally hard forks: node operators need to upgrade their clients in advance, and the new rules take effect simultaneously at the agreed block or epoch.
Be wary of messages claiming that “an upgrade requires you to migrate your tokens”: Ethereum network upgrades do not require users to migrate any tokens.
$ETH 2237.68(-7.96%)
On August 5, 2021, the London upgrade was activated. EIP-1559, included in the upgrade, burns the base fee of transactions.
Ethereum upgrades are generally hard forks: node operators need to upgrade their clients in advance, and the new rules take effect simultaneously at the agreed block or epoch.
Be wary of messages claiming that “an upgrade requires you to migrate your tokens”: Ethereum network upgrades do not require users to migrate any tokens.
$ETH 2237.68(-7.96%)