"Ethereum Upgrade Scheduled for December 25th"

Des

How to upgrade to Ethereum 2.5 (December upgrade) in simple English?

2023-05-28 21:43

Kingsley

The Ethereum 25th upgrade (Ethereum December upgrade) refers to an update or an improvement in the Ethereum blockchain technology. This upgrade includes changes to the Ethereum mainnet such as the introduction of the EIP-1559 and EIP-3554 protocols.

The EIP-1559 protocol is expected to reduce the volatility of transaction fees on the Ethereum network. It involves a new fee structure that is designed to burn a portion of the transaction fee. This will make the process of sending a transaction more predictable and transparent.

The EIP-3554 protocol, on the other hand, aims to delay the Ethereum "difficulty bomb". This is a mechanism that makes it harder to mine Ethereum over time by increasing the difficulty of the mining algorithm. The upgrade is expected to push back the difficulty bomb to around June 2022.

Overall, the Ethereum 25th upgrade is expected to improve the stability, efficiency, and usability of the Ethereum network.

Release time 2023 05 28

Penelope

The Ethereum 25th upgrade (also known as the December upgrade) is a significant improvement to the Ethereum blockchain that includes several important changes. These changes will enhance the network's security, efficiency, and functionality. Some key upgrades in the 25th upgrade include the introduction of the Ethereum Improvement Proposal (EIP) 1559, which will overhaul the current fee structure and implement variable transaction fees based on network demand; the integration of EIP 3554, which will delay the Ethereum mining "difficulty bomb," a protocol that increases the difficulty of mining over time and threatens to make the network unusable; and the implementation of EIPs 2982 and 3529, which will introduce new transaction formats to improve privacy and reduce gas fees. Together, these upgrades will make Ethereum more robust and user-friendly for both developers and end-users.

Release time 2023 05 28

Lola

Release time 2023 05 28

Great

Release time 2023 05 28

Quinn

The Ethereum network underwent an upgrade on December 25th, also known as the Ethereum 12th month upgrade. This upgrade, also known as the Berlin hard fork, implemented four Ethereum Improvement Proposals (EIPs) aimed at improving the network's efficiency, reducing transaction costs, and enhancing security measures. The EIPs included in the upgrade were EIP-2565 (ModExp Gas Cost), EIP-2929 (Gas cost increases for state access opcodes), EIP-2718 (Typed Transaction Envelope), and EIP-2930 (Optional access lists). The upgrade aimed to make the network more scalable and sustainable, while also enabling the implementation of new features and protocols in the future.

Release time 2023 05 28

Flame

Release time 2023 05 28