The Ropsten, Goerli, and Rinkeby testnets have set the block heights where London will come into effect. This upcoming hard fork includes five Ethereum Enhancement Proposal (EIP) updates, of which EIP-1559 is the star.
The Ethereum Foundation is a non-profit organization focusing on supporting Ethereum and related technologies. Ethereum’s London hard fork will be implemented on three testnets starting on June 24th, according to its blog.
For a long time, the community has been waiting for this hard fork, which has a set block height for three Ethereum Testnets. This is an important preliminary step towards a full launch of the mainnet.
Ethereum’s London Hard Fork Is Finally Ready
Tim Beiko, the core developer of Ethereum, wrote on the blog about the Ropsten, Goerli and Rinkeby testnets. He noted that they have set the block heights at which London will come into effect.
The developer said that Ethereum’s London hard fork is finally ready. He explained that Ropsten will upgrade first before Goerli, and Rinkeby do in subsequent weeks.
For that reason, they expect Ropsten to be the first in block 10499401 or on June 24th. Likewise, they expect Goerli to upgrade on June 30th while Rinkeby does on July 7th.
Curiously, the Ethereum Foundation is still determining a launch schedule for the major update to the mainnet.
“From now on, only the Ropsten, Goerli and Rinkeby testnets have been scheduled for London. Once the update has successfully occurred on these networks, there will be a lock for the Ethereum mainnet. We will communicate this on our blog and elsewhere,” said Tim Beiko.
What Updates Does Ethereum’s London Hard Fork Include?
The hard fork includes five updates to the Ethereum Enhancement Proposal (EIP), of which EIP-1559 is the star.
Abdelhamid Bakhta, one of the six main authors of EIP-1559, commented on this matter. He stated that there currently seems to be a lot of misinformation. He added that there is half-knowledge floating around the network concerning the upcoming London update.
Therefore, they expect a review of Ethereum’s existing fee structure, EIP-1559, to significantly reduce gas costs for users. However, it could also cut miners’ income by more than 50%, which has led to some protests over a mining revolt.
The overall Ethereum community has welcomed the EIP-1559 update, as it has been expecting it for a long time.
In this sense, the Ethereum Foundation noted that such significant system updates to a decentralized system require a lot of coordination.
“The decentralized nature of blockchain systems makes it more difficult to update the network. Network updates in a blockchain require cooperation and communication with the community, as well as with the developers of different Ethereum clients. In that way, the transition can go smoothly,” said Bakhta.
On the Ethereum Foundation’s blog, they thanked “everyone involved in the research and planning” of the London hard fork. They also acknowledged those contributing to the implementation, testing, repair, retesting, and implementation of London.
By Alexander Salazar
