According to a blog post, Ethereum’s “London” Hard Fork will be launched on Testnets starting June 24.
Specifically, Ethereum’s long-awaited Hard Fork “London” now has a block height set for three Ethereum Testnets. A penultimate important step towards a full launch of the mainnet.
Hard Fork “London” from Ethereum
By the way, in a blog post of the Ethereum Foundation, Tim Beiko, the lead developer of Ethereum, wrote that the Testnets Ropsten, Goerli and Rinkeby, have set block heights. To which London will be put into operation.
“London is finally ready. Next week, Ropsten will be updated. Followed by Goerli and Rinkeby the following weeks».
Therefore, Ropsten is expected to be the first in block 10499401 or sometime on June 24. Likewise, Goerli is expected to be next June 30 and Rinkeby on July 7.
As a curious fact, a launch schedule for the major mainnet update is still being determined.
According to Tim Beiko: “As of now, only the Ropsten, Goerli, Rinkeby Testnets have been scheduled for London. Once the update has been successfully activated on these networks, a lock will be set for the Ethereum mainnet and communicated on this blog and elsewhere».
What does this update include?
Indeed, the Hard Fork” London”, includes five updates of the Ethereum improvement proposal (EIP). But the star is EIP-1559.
In this regard, Abdelhamid Bakhta, one of the six main authors of EIP-1559, stated: “As things stand, there is currently a lot of misinformation. And half-knowledge floating around the net in connection with the upcoming London update».
Therefore, a review of Ethereum’s existing fee structure, EIP-1559, is expected to significantly reduce gas costs for users. However, it can also cut miners ‘ income by more than 50%, which has sparked some protests over a mining revolt.
Very important, for the Ethereum community at large, the EIP-1559 is a welcome update. Perhaps long awaited.
In the same vein, the blog post noted that such significant updates from the system to a decentralized system, is a feat of coordination.
“The decentralized nature of Blockchain systems makes it difficult to upgrade the network. Network updates on a Blockchain require cooperation and communication with the community, as well as with the developers of the various Ethereum clients. For a smooth transition».
By way of closure, the Ethereum Foundation blog stated: “A big thank you to everyone who has been involved in the research and planning. Also, in the implementation, testing, repair, new testing and implementation of London».
I say goodbye with this phrase of Albert Einstein: “Don’t pretend that things change, if you always do the same».