What are the key features of the Ethereum upgrade scheduled for April?
Beksultan1776Dec 18, 2021 · 3 years ago3 answers
Can you provide more details about the upcoming Ethereum upgrade scheduled for April? What are the main features and improvements that users can expect?
3 answers
- Dec 18, 2021 · 3 years agoThe Ethereum upgrade scheduled for April, also known as the Berlin hard fork, introduces several key features and improvements. One of the main features is the introduction of EIP-2565, which reduces the cost of certain operations on the Ethereum network. This will make transactions and smart contract interactions more affordable for users. Additionally, the upgrade includes EIP-2929, which increases the gas cost for certain types of transactions to enhance network security. Another important feature is the introduction of EIP-2718, which introduces a new transaction type that allows for the grouping of multiple transactions into a single transaction, improving efficiency and reducing costs. Overall, the upgrade aims to improve the scalability, security, and usability of the Ethereum network.
- Dec 18, 2021 · 3 years agoThe upcoming Ethereum upgrade scheduled for April brings several exciting features to the table. One of the key features is the implementation of EIP-2930, which introduces a new transaction type called 'optional access lists.' This feature allows users to specify a list of addresses that can access specific data within a transaction, reducing the gas costs associated with accessing data from smart contracts. Another important improvement is the inclusion of EIP-1559, which aims to improve the transaction fee market by introducing a new fee structure. This change will make transaction fees more predictable and reduce congestion on the network during times of high demand. Overall, the upgrade focuses on enhancing the user experience and making the Ethereum network more efficient and cost-effective.
- Dec 18, 2021 · 3 years agoThe Ethereum upgrade scheduled for April, also known as the Berlin hard fork, is an important milestone for the Ethereum community. This upgrade introduces several key features and improvements to the network. One of the main features is the implementation of EIP-2565, which optimizes the gas cost of the ModExp precompile, making certain operations on the Ethereum network more cost-effective. Additionally, the upgrade includes EIP-2929, which increases the gas cost for certain operations to mitigate potential security risks. Another notable feature is the introduction of EIP-2718, which enables the creation of new transaction types, allowing for more flexibility and efficiency in smart contract interactions. Overall, the upgrade aims to enhance the performance, security, and usability of the Ethereum network, providing a better experience for users and developers alike.
Related Tags
Hot Questions
- 97
How can I buy Bitcoin with a credit card?
- 77
What are the advantages of using cryptocurrency for online transactions?
- 68
Are there any special tax rules for crypto investors?
- 54
How can I protect my digital assets from hackers?
- 53
How does cryptocurrency affect my tax return?
- 47
What are the best practices for reporting cryptocurrency on my taxes?
- 38
What are the tax implications of using cryptocurrency?
- 25
What are the best digital currencies to invest in right now?