This Wednesday is a big day for Ethereum

Cryptocurrency News and Public Mining Pools

This Wednesday is a big day for Ethereum

4/14/21 is the date of the Berlin Hard Fork which will make the Ethereum network more optimized, meaning less gas fees and harder to jeopardize the network.

EIPs are proposals to network changes.

Berlin EIPs The Berlin upgrade introduces the following EIPs to the Ethereum network: EIP-2565: ModExp Gas Cost Lowers the cost of the ModExp (0x00..05) precompile; EIP-2929: Gas cost increases for state access opcodes Increases gas cost for SLOAD, *CALL, BALANCE, EXT* and SELFEDESTRUCT when used for the first time in a transaction; EIP-2718: Typed Transaction Envelope Introduces a new transaction type that is an envelope to enable easier support for multiple transaction types; EIP-2930: Optional access lists Adds a transaction type which contains an access list, a list of addresses and storage keys that the transaction plans to access. This mitigates some of the gas cost increases introduced by EIP-2929. 

It also happens to coincide with the Coinbase IPO, and thus the stock market will get more exposure to crypto. Hopefully some of the stock hype will get people buying ETH.

EDIT. Make fees more predictable but it doesn't necessary mean reduce fees. Sorry about that.

submitted by /u/Iiau_
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