Cryptocurrency investors may be aware of the “London hard fork,” a significant Ethereum update. London’s hard fork occurred nearly exactly on time at 12:33 p.m. UTC on Thursday, during the height of the 12,965,000 block, bringing in EIP 1559. The ‘London hard fork’ is a forerunner to Ethereum 2.0 and introduces significant changes to the network, including how mining will be done in the future and the nature of transaction fees. With the upgrade implemented, Ethereum’s market structure will undergo a major makeover in terms of network transaction costs and other market characteristics, such as gas refunds. This is comparable t…

December 1st was the confirmed date for the implementation of the long-awaited evolution of the aforementioned cryptocurrency, and the news did not take long to impact the price of ¨Ether ¨ which suddenly went from 380 to 407 USD to later retract at $401. The novelty, on the other hand, had a strong impact on the volume of transactions with a rise of no less than 30%. Current Ethereum users, however, will not notice the difference as both versions will coexist for a considerable time as, as those responsible for the Ethereum Foundation assured, phase two consists of a solid long-term project. In this regard, Justin Drake, from the Ethereum Foundation, assured that it is even very likely that there will be a 3.0 upgrade to solve…

Following a significant update over the weekend, the Cardano network now allows users to execute smart contracts, boosting its competitiveness against larger competitor Ethereum. For many users, the event may signal the conclusion of certain long-standing Ethereum Network problems. The soon-to-be-famous On September 12, 2021, the Cardano blockchain completed its Alonzo update successfully. Following the conclusion of the Alonzo hard fork, Cardano announced the deployment of “Plutus smart contract capabilities” in a blog post. Plutus smart contracts in action Input-Output (IOHK), Cardano’s partner, successfully filed a request to…