Ethereum Community To Launch Berlin Upgrade With 4 Ethereum Improvement Protocols
The Ethereum community has laid out to launch its upcoming Berlin upgrade by marking an important milestone in its development roadmap with four Ethereum Improvement Protocols (EIPs).
It has been reported that Berlin is scheduled to go LIVE on the Ethereum mainnet at block 12,244,000, or April 14.
However, Ropsten, the first testnet to upgrade, is scheduled for March 10 (tomorrow). The Goerli and Rinkeby networks are expected to upgrade in one-week increments on March 17 and March 24.
The report said that Ethereum node operators are being advised to upgrade to a Berlin-compatible version as soon as possible for the three testnets and before April 7 for the mainnet.
Tim Beiko, who works at Ethereum, explained:
“Ethereum node operators should upgrade their nodes prior to the fork block on the networks they want to participate in. Due to block time variability, it is recommended to update several days before the expected date.”
Likewise, exchanges, wallet service providers, and Ether (ETH) tokenholders are not required to do anything to accommodate the upgrade. A total of four Ethereum Improvement Protocols, or EIPs, will be implemented via Berlin. They include:
EIP-2565, which lowers the cost of the ModExp precompile
EIP-2929, which increases certain gas costs
EIP-2718, which introduces a new transaction type
EIP-2930, which includes a transaction type with optional access lists.
Moreover, Berlin follows the Istanbul and Muir Glacier upgrades, which took place in December 2019 and January 2020. The current upgrade was named after Devcon 0, which took place in Berlin. Ethereum’s next planned upgrade will be called London, where Devcon 1 happened.
Ethereum's Berlin upgrade is moving fast, with a mainnet launch scheduled for Apr. 14, 2021 https://t.co/pnJZrhs6WH — Cointelegraph (@Cointelegraph) March 8, 2021
It has been analyzed that Ethereum is still riding the momentum of its Ethereum 2.0 rollout in December 2020. Eth2 kicks off a multi-year upgrade of the blockchain network as it attempts to transition from its existing proof-of-work consensus to a proof-of-stake model.
Thus, ETH price rose 6.5% on March 8 (Monday) to $1,767, as Ethereum has a total market capitalization of $201 billion.
Source: Cointelegraph | Image: Fav Png
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