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Ethereum is one step closer to completing Ethereum 2.0
- The London update was recently launched.
- Next, we will see the release of more testnets.
- These will carry out the new EIP, the most exciting one is EIP-1559.
The second largest cryptocurrency by market value, Ethereum, started its London update about 10 days ago. Specifically, this release will take place on the Ropsten testnet on June 24, 2021.
This upgrade is accompanied by the long-awaited Ethereum Improvement Proposal (EIP) 1559. More importantly, the release of this testnet will be the first of many other releases. In order, the deployment of the London upgrade will next appear in Ethereum’s Goerli, Rinkeby and Kovan. The release of these testnets will be launched once a week.
The release of the testnet is necessary for Ethereum’s plan to have a fully scalable network-Ethereum 2.0. In fact, these steps are part of the network roadmap. It is worth noting that the testnet will allow the implementation of Proof of Stake (PoS) consensus.
In particular, the London upgrade will bring four other EIPs, all of which will make their debut on the testnet. These EIPs include-EIP-3198, EIP-3541 and…
This article was first published on coinquora.com
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