Ethereum London upgrade in 2021

GPTKB entity

Statements (21)
Predicate Object
gptkbp:instanceOf blockchain network upgrade
gptkbp:appliesTo gptkb:Ethereum
https://www.w3.org/2000/01/rdf-schema#label Ethereum London upgrade in 2021
gptkbp:implementedIn 5 August 2021
gptkbp:includesEIPs gptkb:EIP-1559
gptkb:EIP-3198
gptkb:EIP-3529
gptkb:EIP-3541
gptkb:EIP-3554
gptkbp:namedAfter gptkb:London,_United_Kingdom
gptkbp:networkBlockNumber 12,965,000
gptkbp:notableFeature changes to gas fee structure
introduction of base fee mechanism
partial burning of transaction fees
gptkbp:purpose reduce ETH inflation
improve transaction fee predictability
prepare for Ethereum 2.0 transition
gptkbp:resultedIn ETH fee burn mechanism
delayed difficulty bomb
gptkbp:bfsParent gptkb:VitalikButerin
gptkbp:bfsLayer 6