LONDON IS LIVE: Ethereum’s latest hard fork upgrade dubbed “London” was officially activated. This backward-incompatible hard fork also marked the rollout of five new Ethereum Improvement Proposals (EIPs): 1559, 3554, 3529, 3198, 3541, which aim to improve the Ethereum network’s user experience, value proposition and more. Most notable is the new burn mechanism that has been touted as a way to deflate the amount of ETH in circulation.

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