Ethereum Takes A Plunge Towards Berlin Hard Fork

Ethereum [ETH] remained a constant visitor of the headlines following the launch of Ethereum 2.0’s Phase zero as well as ETH’s price change. As the network’s native cryptocurrency, ETH has been struggling to hit a new all-time high, Ethereum seems to be out and about with its developments.

Ethereum Devs Reveal Specifications For Berlin Hard Fork

The Ethereum network is all about developments. The network has been undergoing an array of developments over the years. While the network is working towards Eth2, a few developers are still operating on developments pertaining to Eth1. The Berlin hard fork has been time and again delayed. However, the developers decided to implement the hard fork during June 2020, after the Istanbul hard fork and Muir Glacier. That evidently was once again postponed.

In more recent updates, James Hancock, the hard fork coordinator for Eth1.0, took to Twitter to announce updates with regard to the Berlin hard fork. Previously, the Berlin hard fork had about eight tentatively accepted EIPs, now the list was edited down to five. These included,

EIP-2565: ModExp Gas Cost
EIP-2315: Simple Subroutines for the EVM
EIP-2929: Gas cost increases for state access opcodes
EIP-2718: Typed Transaction Envelope
EIP-2930: Optional access lists

Hancock affirmed that the code for these EIPs was merged into all the clients part of the network update. A GitHub post revealed that the clients on the list, Geth, Besu, Nethermind as well as OpenEthereum were ready for the hard fork.

Geth was the only client that did not have EIP-2930 i.e. Optional access lists merged into it. However, the latest tweet from the hard fork coordinator asserts that Berlin is just around the corner.

While the network is sprucing up its developments and upgrades, the price of ETH seems to be having a tough time pushing past its previous all-time high. At press time, ETH was trading for $1,368.40 with a 3% surge in the last 24-hours.

Sahana Kiran: Experienced Journalist with a demonstrated history of working in the online media industry. Skilled in Photography, Feature Writing, Journalism, Online Journalism, and Web Content Writing. Strong media and communication professional with a Bachelor of Arts - BA focused in Journalism