Upcoming EIPs and the Ethereum 1.0 roadmap

Jan 25, 2021 | The Block News | 0 comments

upcoming-eips-and-the-ethereum-1.0-roadmap

Quick Take

  • Ethereum is governed via a process where developers, miners, and community members try to reach a consensus on new upgrades
  • Ethereum’s next hard fork “Berlin” will introduce new transaction formats, as well as optimizations to the gas costs of certain functions
  • The most anticipated upgrade in a while, EIP-1559 which will significantly change Ethereum’s economic model, will likely be introduced during Q3 of 2021

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