The long awaited update for ethereum which is the london hard fork is scheduled to launch on Aug 4 between 13 UTC and 17 UTC with block 12,965,000, the delay has kept some happy while some are cautious and optimistic.
This release is part of a roadmap which will lead to the almighty ethereum 2.0 which is an upgrade that will replace ethereum proof of work to proof of stake, the london hard has been initiated into different testnet, after it's successful activation on the ropsten and goerli testnets, because of that the final hard fork release date was decided.
This protocol update carries five major ethereum improvement proposals (EIPs), most notable EIP 1559 and EIP 3354, that aim to avert variouse inefficiencies.
What i think about this update
The london hard fork is the right step in the right direction for ethereum because it shows that the ethereum team knows that the gas fee is an issue and not a feature so this update is meant to put confidence back into investors mind and because of that i see ethereum price going up this summer or even in the ending of june but before that rise there is going to be some bearish things playing out but after that i expect ethereum to blast up hopefully.
