Yesterday, block 12,244,000 of the Ethereum network was officially mined, marking the beginning of “Berlin”, the protocol update. Let’s talk a little more about it!
Ethereum update, ‘Berlin’, what is your goal?
Specifically at 10:07: 03 AM (+UTC) on Thursday, April 15, block 12,244,000 of the Ethereum network was mined, according to Etherscan data. But why is this so important?
As we have previously explained the Crypto trend, the demand that exists on the Ethereum Blockchain has greatly increased. And, as we have explained, this has resulted in the inability to process your transactions quickly and therefore high transaction fees.
The truth is that this is one of Ethereum’s key issues: Scalability. In this regard, for years the developers of ETH have worked hard to offer solutions to the serious problem.
Therefore, the hard fork Berlin, which just took place yesterday, is a solution aimed at reducing Ethereum transaction fees, if only slightly. Specifically, this is the third update experienced by Ethereum, after Istanbul and Muir Glacier.
How do you plan to meet your goal?
In this sense, Berlin is a network update that makes changes to the Ethereum software. Therefore, it incorporates four Ethereum enhancement proposals (EIP), made by users and integrated into the blockchain code by the core developers.
In this way, these proposals include EIP-2565, which reduces some gas costs algorithmically, and EIP-2718, which is a container that allows multiple types of transactions on the blockchain.
Therefore, Berlin is a new step that Ethereum takes in the direction of ETH 2.0. This update seeks to establish complete change in the way the network processes transaction fees, as previously explained in Crypto Trend.
However, it is important to note that the long-awaited EIP-1559 is not included within Berlin. In this regard, it is expected to be implemented in the next update, London; which will take place approximately in July.
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