- recently released the London update.
- Next, we will see more releases from testnet.
- These will carry out new EIPs, the most exciting being EIP-1559.
The second largest crypto by market cap, Ethereum, started its London update about 10 days ago. Specifically, the launch took place on the Ropsten testnet on June 24, 2021.
This update comes with the highly anticipated Ethereum Enhancement Proposal (EIP) 1559. Furthermore, this testnet release will be the first of many other releases. In order, the London update rollout will appear next on Ethereum’s Goerli, Rinkeby, and Kovan. These testnet launches will take off at weekly intervals.
Testnet launches are a must for Ethereum’s plans to have a fully scalable network – Ethereum 2.0. In fact, these steps are part of the network roadmap. In particular, testnets will allow the execution of a proof-of-stake (PoS) consensus.
Notably, the London update will bring another 4 EIPs making their testnet debut. These EIPs include: EIP-3198, EIP-3541 and …
This article was first published on coinquora.com
Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.