The eminent cryptocurrency token Ethereum (ETH) embarked on its London Update 10 days before, i.e., on June 24, 2021. The setup for bringing investors up to date was positioned on the test net Ropsten. This development occurs at the right time where the sentiment for ETH’s Improvement Proposal is at an all-time high, mainly for the EIP-1559 introduction into the crypto realm.
In a structured manner of weekly interims, additional test net initiations will take place. As a result of the London disposition, the enhancements to the crypto network will take center stage in ETH’s Rinkeby, Goerli, and Kovan.
There was an urgent need to render an adequate network that is scalable, and thus Ethereum 2.0 has been introduced. The outline of the cryptocurrency’s framework exhibits the execution of a Proof-of-Stake (PoS) unison.
Investors on the blockchain network of Ethereum have been patiently awaiting the assurance of a scalable interface, and this pain point has finally been addressed for more reliable transactions. With the Ethereum 2.0 blueprints offerings being introduced in parts, the investors will have a secure and profitable network for their trading ventures.
Preceding this plan of action, the developmental program by Ethereum will render an exchange valuation trading tool that will produce a determined network commission for each block respectively. Further, this will be marked and permitted with progressive improvement, thereby solving the challenges of inconsistency in the scopes of blocks. These enhancements in the cryptocurrency network of Ethereum will help dispense the challenges of user overcrowding on the network.
The London enhancements of ETH render to the forefront 4 additional EIP’s that will make a surprising appearance on the test nets feature. These 4 additional test net focus points are EIP-3198, EIP-3541, and EIP-3554.
With these advancements of Ethereum 2.0, the cryptocurrency realm is waiting in anticipation for more production of crypto tokens to be introduced in the market. Cryptocurrency trading analysts ETH forecast have predicted that Ethereum’s market valuation will reach profits of $10,000.