Topic: Do you think the London hard fork will lead to a recovery in the crypto asset ma - page 2. (Read 242 times)
July 11, 2021, 11:46:38 AM
TBH, ethereum might get another bullish rally from current correction zone, but recovery of whole market might not be happened though that's the greatest development of ethereum in this year. Also, ethereum gas price already dropped back to the normal one even we still have almost one month for london hardfork. But lets see what will happen in the first week of August.
July 11, 2021, 10:19:35 AM
We are always on the look-out for any good and hopefully big developments that can be the catalyst for the cryptocurrency market to significantly rise and away from the seemingly "bearish" state we are in. Updates from the Ethereum network are always welcome, especially if they are proven to be working and effective for the purposes at hand. Hopefully, the month of August can be a lot better than June and July - and not what they termed as "ghost month" which is kinda scary just thinking about it.
July 10, 2021, 12:42:44 PM
I prefer to wait and see what will happen to ethereum because there are only two possibilities that can happen to ethereum, which is the price will increase or the price will decrease. The price seems stable to the current price and not up and down too deep because bitcoin itself is not moving too. Ethereum will need to wait for bitcoin moves and if after the hard fork, the bitcoin price is not moving higher, maybe ethereum will not move too. But in the future, ethereum will have a chance to increase.
July 10, 2021, 03:44:12 AM
After the 5.19 plummet, entering July, the market gradually came out of the downturn, the price of defi assets generally rose, and the circulation of stablecoins on the chain also showed an upward trend. Will the upcoming Ethereum London hard fork upgrade on the 8.4th be one of the driving forces for the market to rise?
I don't want to speculate but something tells me it might be a good assumption for next catalyst events for the market. Right now it's a bit choppy and still on the unknown territory so better wait for it and besides we may never know if the upgrade was also good enough for deployment or we may see some problems again. July 10, 2021, 03:14:01 AM
After the 5.19 plummet, entering July, the market gradually came out of the downturn, the price of defi assets generally rose, and the circulation of stablecoins on the chain also showed an upward trend. Will the upcoming Ethereum London hard fork upgrade on the 8.4th be one of the driving forces for the market to rise?
Source of information：
https://news.bitcoin.com/ethereums-london-hard-fork-scheduled-to-commence-on-august-4/?utm_source=cryptorank&utm_medium=rss
Quote
What is the London hard fork?
The hard fork is going to be an update that will change the transaction fee model of the current mechanism. This will in turn help to reduce the high transaction fees experienced currently in the network.
The London hard fork is also meant to target the mining difficulty of the network. This upgrade will help to make proof of work mining more difficult, but at the same time, increase the ease of mining of the proof of stake mechanism. Proof of stake mechanism will only require validators to carry out the transaction confirmations on the network. Instead of using high-power machines like the current proof of work mechanism which requires computers to solve complex problems in order to confirm transactions and my blocks.
The hard fork is going to be an update that will change the transaction fee model of the current mechanism. This will in turn help to reduce the high transaction fees experienced currently in the network.
The London hard fork is also meant to target the mining difficulty of the network. This upgrade will help to make proof of work mining more difficult, but at the same time, increase the ease of mining of the proof of stake mechanism. Proof of stake mechanism will only require validators to carry out the transaction confirmations on the network. Instead of using high-power machines like the current proof of work mechanism which requires computers to solve complex problems in order to confirm transactions and my blocks.
Source of information：
https://news.bitcoin.com/ethereums-london-hard-fork-scheduled-to-commence-on-august-4/?utm_source=cryptorank&utm_medium=rss
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