Knowledge Card: The History of Ethereum
The Dencun upgrade on March 13, 2024, introduced blob data, significantly reducing the cost of Layer 2 networks writing data to the mainnet.
The London upgrade was activated on August 5, 2021. Its EIP-1559 proposal made the base fee for transactions subject to burning.
Be wary of messages claiming that an “upgrade requires you to swap coins”: Ethereum network upgrades do not require users to migrate any tokens.
$ETH has been Ethereum’s native coin for paying gas since the mainnet launched in 2015.
The Dencun upgrade on March 13, 2024, introduced blob data, significantly reducing the cost of Layer 2 networks writing data to the mainnet.
The London upgrade was activated on August 5, 2021. Its EIP-1559 proposal made the base fee for transactions subject to burning.
Be wary of messages claiming that an “upgrade requires you to swap coins”: Ethereum network upgrades do not require users to migrate any tokens.
$ETH has been Ethereum’s native coin for paying gas since the mainnet launched in 2015.
