There has been much speculation on the latest Ethereum upgrade, which is scheduled to be released sometime around mid-April in Berlin, Germany. This upgrade will be of the network protocol variety, and Tim Beiko, the lead developer, is expecting that it will be made available as early as the 14th of April next month.
However, before they can even think about releasing this upgrade, there are certain guidelines, regulations, and tests that they must first go through, most notably the Ethereum testnets, which are expected to roll out later today.
The upgrade is expected to go live on the Ethereum mainnet via block 12244000
It was announced that the upgrade will follow both the Istanbul as well as the Muir Glacier upgrades and will go live on the Ethereum mainnet through block 12244000. As such, node operators are expected to be able to update the relevant software prior to launching it on the mainnet; however, Ethereum holders are not expected to take any such action.
Most notably, though, there have been a lot of rumors and speculations regarding potential scams which may be allowed to take place and those which can actually target well-known crypto wallets like Ledger or MetaMask.
Ethereum Improvement Proposals Introduced
The Berlin upgrade is also expected to introduce a variety of EIPs (Ethereum Improvement Proposals). To summarize, the EIP-2565 will target the lowering of gas prices regarding previous cryptographic and algorithm-based proposals. However, EIP-2929 will actually increase the gas prices for specific ‘opcodes’ in an effort to limit network spam.
Additionally, EIP-2718 will reportedly introduce a new type of transaction which will make it much easier to support multiple transactions and multiple transaction types to occur simultaneously. Additionally, this type of EIP can also allow for the payment of gas as well as enabling the addition of multi-signature transactions to be implemented more easily. These are just some of the EIPs expected to come with the upgrade.
ETH Price Outlook
It is worth pointing out that ETH prices are usually not affected by protocol updates such as the Berlin upgrade. Also, Ethereum has managed to gain nearly 20% in recovery recently, and the support is currently staying at $1,730, with resistance expected to be close to the $1,850 level.
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