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When will Eth Fork (Does Eth Fork affect mining)

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When will Eth fork? According to ethnews, the Ethereum Foundation announced on

When will Eth Fork (Does Eth Fork affect mining)

When will Eth fork? According to ethnews, the Ethereum Foundation announced on October 14, 2018, that they plan to fork ETH in mid-November. The merge work will begin at the end of December. According to data from ethgasstation.org, at the end of 2017, there were approximately $200,000 in transaction fees generated daily, with fees being around $1 at that time. Now, each transaction fee is approximately $3. Therefore, if any developer does not change the protocol rules or update their codebase, they are likely to transfer their assets to other platforms for sale, as they believe they can obtain more funds to support the ecosystem’s development.

Does Eth Fork Affect Mining?

According to trustnodes, the Ethereum blockchain will fork on August 1st. The eth network will undergo an update called “EIP-1559” (the new version includes two features), which will reduce the “block size” from 128MB to 64KB in the client software. This means that users can restart the ETH chain and start mining by modifying the code.

The main goal of this upgrade is to raise the ETH price. If a hard fork produces a new cryptocurrency and no new coins appear, what should we do? Currently, the main problem in the Ethereum ecosystem is network instability, or the transition to Eth2.0’s proof-of-stake mechanism will cause mining difficulties under the PoW mechanism. At the same time, due to vulnerabilities in the current consensus protocol, some transactions are delayed and postponed.

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