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Author Topic: Impact of the London hard forks on ethereum  (Read 137 times)
MrcMrc
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October 02, 2021, 04:52:56 AM
 #21

The hype that surrounded the London hard forks was just to create awareness and popularity for ethereum I think the developers were just playing the popularity stunt since there is no impact of that event on the general performance of ethereum from the price to transaction fees everything remains the same and even the network congestions are still there and all these problems were the center stage of the hard forks.

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Rocky993
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October 02, 2021, 11:45:43 AM
 #22

Currently the most common cause of headaches is the Ethereum blockchain extra gas fees.  The big technicians are doing a lot of work to avoid this extra gas fee so that there is equality on the fee of this transaction.  High gas fees can be avoided.  People's Agra ethereum Blockchain is not showing much for such a high fee.  It has become an offset because they have to go to work at such a high fee.  People have to face extra to give high speed so Ethereum Blockchain officials are trying to bring control over gas fees by bringing hard fork on ethereum.  Even before, hard fork could not bring any change in any high fee.  But London can be reached by hard forks. High gas fees can be got some relief from the hands. There are various technicians who are also working and coming up with updates after updates.
bitcon
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October 02, 2021, 12:21:03 PM
 #23

Besides price, I don't see anything working "far better" than before. I might not be working with ETH the right way or I have too high expectations.. but the fees are even crazier than before and it still doesn't look like it's able to scale enough to fit the demand.

I also expected that commission fees would decrease significantly, but maybe not this time. Maybe they will become really low only with the launch of ethereum 2.0. I know that the most significant change in London fork is that now the size of blocks can increase and decrease according to current activity. This made us closer to ethereum 2.0., let’s hope that it will be soon and we eventually get a cheap Ethereum.
Ararbermas
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October 02, 2021, 01:41:54 PM
Last edit: October 02, 2021, 02:56:04 PM by Ararbermas
 #24

I also expected that commission fees would decrease significantly, but maybe not this time. Maybe they will become really low only with the launch of ethereum 2.0.
actually most of the enthusiast were expecting after the fork the fees will decrease as well but seems for the price to increase only wherein there's no changes for gas fees afterwards even that is the most problem of thereum when it comes making transactions because of being not fair like others. But  yeah i believe also maybe in the next update it will gonna happen..
Tessnik (OP)
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October 07, 2021, 08:14:45 AM
 #25

I also expected that commission fees would decrease significantly, but maybe not this time. Maybe they will become really low only with the launch of ethereum 2.0.
actually most of the enthusiast were expecting after the fork the fees will decrease as well but seems for the price to increase only wherein there's no changes for gas fees afterwards even that is the most problem of thereum when it comes making transactions because of being not fair like others. But  yeah i believe also maybe in the next update it will gonna happen..
Most expectations on the London hard forks were not meant and the general idea behind the forks hard failed as ethereum users still suffer from all the challenges they used to before the hard forks. The ethereum network is still congested and transactions fees always skyrocket any time the is market rise.
timerland
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October 07, 2021, 08:41:39 AM
 #26

If they can fix the gas problem then this is a very bullish sign.

I think that utility wise ETH already offers substantially more than any crypto, including Solana and ADA which are all the rage these days.

But it could also be possible that the forks are already priced in now, with ETH at $3.5k.

Smiley
tvplus006
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October 07, 2021, 08:50:16 AM
 #27

The only positive result from the London hard fork is that it provides for the burning of part of the ETH received as a fee for the commission. Although this can only be considered an achievement conditionally, because the burned ETH is taken from participants who pay this high commission on the network.

worle1bm
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October 07, 2021, 08:53:35 AM
 #28

Besides price, I don't see anything working "far better" than before. I might not be working with ETH the right way or I have too high expectations.. but the fees are even crazier than before and it still doesn't look like it's able to scale enough to fit the demand.
The only thing is supply is being reduced with each transaction and gas is still not improved and they are high like in the past.The prices will rise in long term with eth burning but yes still not much improvement has been witnessed of significant mark but let's see what happens in next couple of months.

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Dewiana
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October 07, 2021, 09:25:50 AM
 #29

Be very careful now in the virtual world, especially related to investments, for example ethereum,,, and also we must always update information because in seconds there are prominent changes, if what is happening in the field is hard fork the hopes of crypto miners

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Tessnik (OP)
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October 11, 2021, 11:52:41 AM
 #30

Be very careful now in the virtual world, especially related to investments, for example, ethereum, and also we must always update information because in seconds there are prominent changes if what is happening in the field is hard fork the hopes of crypto miners
You deviated from the topic, the question it's not about ethereum investment but its impact and how the London forks help to make ethereum transaction and network congestion. The hard fork has not impacted the ethereum blockchain network positively.
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