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TagsWhat changes can we expect from the Shanghai upgrade for Ethereum?
Farhah NadhilahDec 18, 2021 · 3 years ago1 answersWhat are the anticipated changes that the Shanghai upgrade will bring to the Ethereum network? How will these changes impact the overall performance and functionality of Ethereum?
1 answers
- The Shanghai upgrade for Ethereum is expected to bring significant improvements to the network. With the implementation of EIP-1559, Ethereum will introduce a new fee structure that aims to address the issue of high transaction fees. The base fee will be burned, reducing the supply of Ether and potentially increasing its value. This upgrade will also bring enhancements to the Ethereum Virtual Machine (EVM), making it more efficient and enabling developers to create more sophisticated dApps. The Shanghai upgrade is an exciting development that will make Ethereum more scalable, secure, and user-friendly.Dec 18, 2021 · 3 years ago
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