An update to Ethereum known as 'Berlin' announced a month ago is scheduled for tomorrow, April 14!
What will change in this update?
A news article comments on four improvements that will happen in this update. According to the article: "Four improvements will be implemented in the Ethereum blockchain, the update is ultimately aimed at making the network cheaper and faster by restructuring transaction fees."
He adds: "The update is scheduled to happen in block 12,244,000, which will be mined sometime on April 14th, and it will be possible to monitor the exact time through the website ethernodes.org.
Contador Ethernodes Berlin Update
Notably, the Berlin update is part of a broader development of Ethereum, which will be upgraded to version 2.0 by the end of 2022.
In Wednesday's update (14), four improvements (EIP) will be implemented:
EIP-2929 increases some gas costs;
EIP-2565 reduces the cost of precompiling ModExp;
EIP-2930 has a type of transaction with optional access lists;
EIP-2718 introduces a new type of transaction.
Named as London, the update will implement a new fee market protocol, which will standardize costs for the entire network. Thus, it will avoid situations such as the unbridled increase in the average transaction fee.
In addition, the update will implement a flaring mechanism that is expected to change Ethereum's monetary system to a deflationary scheme.
Vitalik Buterin, the co-founder of Ethereum, predicts that the network will be 100 times faster before upgrading to version 2.0.
Ethereum, therefore, will have significant updates over the course of 2021 and 2022 that should boost the asset to values ??never seen before. "
Will these rates go down this time? If this is what you expect, this is what we hope for!
