Ethereum London fork service update Ethereum London Fork and its most important improvement proposal, EIP-1559, is coming very soon. The London Network upgrade is scheduled on 5th of August, 2021 at Ethereum block height 12,965,000 at approximately 8:35 AM EST Long-anticipated London Network Upgrade includes 5 Ethereum-Improvement-Proposals (EIPs): EIP-1559: Fee market change for ETH 1.0 chain EIP-3198: BASEFEE opcode EIP-3529: Reduction in refunds EIP-3541: Reject new contracts starting with the 0xEF byte EIP-3554: Difficulty Bomb Delay to December 1st, 2021 Currently, Ethereum users send ETH over the blockchain and therefore pay transaction fees, also called gas. By paying transaction fees (gas), a sender is paying miners to include his transaction in the block. The miner then adds the transaction to the block and is paid by the block reward which is currently 2 ETH per block. The miner is also rewarded with the gas of all the tra...