Ethereum London Hard Fork — What is it?

Hard Fork Launch 🚀

What is Hard Forking?

Developers updating to recent version like..

Understanding EIP.

Key Improvements in EIP London Hard Fork.

EIP-1559: The fee market for the ETH 1.0 chain has changed.

EIP-3529: Refund reduction

EIP-3541: Use the 0xEF byte to reject new contracts.

BASEFEE opcode EIP-3198

Difficulty Bomb Delay until December 2021 (EIP-3554).

Points to Remember.

  1. EIP-1559 provided a deflationary mechanism for Ether, allowing for more predictable network fees.
  2. EIP-3198 allows Ethereum client computers to obtain the current base fee value.
  3. EIP-3529 prevents the gas reimbursement system from being abused and minimises the amount of junk data that clogs the network.
  4. New smart contracts must have different machine codes than the present 0xEF, according to EIP-3541.
  5. According to EIP-3541, new smart contracts must have different machine codes than the current 0xEF.

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