Ethereum successfully activated the Berlin hard fork

The Berlin hard fork was successfully activated on the Ethereum network this afternoon (April 15), bringing many changes to the world’s second largest blockchain.

Ethereum in recent months has continuously faced a situation of skyrocketing transaction fees, greatly affecting the user experience of DeFi users. Not stopping there, as the current usage volume is out of the network’s processing scale, the Ethereum network often faces congestion, pushing transaction fees to peak levels. .

Part of the solution to the problem was introduced through the Berlin hard fork, which was activated at Ethereum block 12,244,000, mined at around 05:00 PM on April 15, 2021.

Source: Twitter

This Berlin upgrade includes 4 Ethereum Improvement Proposals (EIPs), designed to alleviate the problem of transaction fees as well as pave the way for the transition from Ethereum 1.0 to Ethereum 2.0. Accordingly, the EIP-2565 will reduce the gas charge of the ModExp function, the EIP-2929 will increase the gas charge for some requests when first made; EIP-2718 will allow users to pool multiple transactions together; The EIP-2930 will introduce the function of storing transaction addresses, helping to reduce gas charges from EIP-2929.

However, the suggestion that has received a lot of attention in the past is that EIP-1559 will not be integrated into Ethereum during this upgrade, but will be left to the London hard fork, which is scheduled to take place in July. next.

EIP-1559 is expected to significantly change Ethereum’s current transaction fee mechanism, as instead of paying miners as usual, ETH users will only have to pay the same general fee across the network. . For more details on the EIP-1559, readers can see it here.

However, EIP-1559 will directly affect miners’ revenue, sparking a controversy over interests among the participants of the Ethereum ecosystem. The ETH community has also launched a proposal called EIP-3368 that aims to solve that problem, but has yet to receive significant backing.

The success of the Berlin hard fork does not appear to have generated a positive response from the market, as at press time ETH price is at $ 2,425, slightly down from an all-time high of $ 2,487 formed early on April 15.

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