What is The Ethereum London Hard Fork?
London is calling for blockchain-based software platform Ethereum, the world’s second-largest cryptocurrency by market capitalisation.
According to an announcement from Ethereum’s core developers, the London hard fork will be implemented and lived on the Ethereum mainnet on 5 Aug 2021, 3am Pacific Standard Time (5 Aug 2021, 6pm Singapore Time).
The upgrade is delayed as earlier, it was announced that the update was supposed to go out on 4 Aug 2021.
For the uninitiated, the London hard fork is a broad network upgrade to Ethereum made up of a collective of five Ethereum protocol updates called Ethereum Improvement Proposals (EIPs).
An important thing to note about the London hard fork is that it is not backwards compatible.
In other words, you will be required to upgrade your software if you want to continue interacting with the Ethereum blockchain regardless of whether you are a miner, someone operating a node or an entrepreneur running a decentralised finance project on the network....