What changes can we expect from the Ethereum Shanghai upgrade set for April?

1 answers

• Dec 14, 2021 · 3 years ago
  As an expert in the field, I can tell you that the Ethereum Shanghai upgrade, scheduled for April, is generating a lot of buzz in the cryptocurrency community. One of the major changes expected with this upgrade is the implementation of EIP-1559, which aims to address the issue of high transaction fees on the Ethereum network. With EIP-1559, users will have a more predictable fee structure, which should help reduce the volatility of gas prices and make transactions more affordable for users. Additionally, the Shanghai upgrade will also bring optimizations to Ethereum's virtual machine, which will improve the performance and efficiency of smart contracts. These changes are expected to have a positive impact on the Ethereum network and its users, making it more scalable and user-friendly.
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