London

E370827

London is a major Ethereum network upgrade that introduced significant changes to the protocol’s fee market and transaction pricing mechanisms.

All labels observed (1)

Label Occurrences
London canonical 8

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf Ethereum network upgrade
hard fork
activationBlock 12965000
activationDate 2021-08-05
activationNetwork Ethereum mainnet
linked to: Ethereum blockchain
affects gas fees
transaction fee calculation
aimsTo improve user experience for fee estimation
make transaction fees more predictable
reduce fee volatility
alsoKnownAs London hard fork
burns base fee
category Ethereum protocol upgrade
linked to: Ethereum hard fork
clientImplementation Besu
Erigon
Geth
Nethermind
OpenEthereum
followedBy Arrow Glacier NERFINISHED
governedBy Ethereum governance process
impacts ETH issuance net of burns
miner revenue structure
implements dynamic base fee adjustment
includesEthereumImprovementProposal EIP-1559
EIP-3198
EIP-3529
EIP-3541
EIP-3554
introducedChangeTo fee market
transaction pricing mechanisms
introducedConcept base fee per gas
elastic block size
fee burning mechanism
priority fee (tip)
introducedTransactionType EIP-1559-style transaction
language Ethereum Yellow Paper specification updates
network Ethereum
linked to: Ethereum blockchain
networkScope mainnet and testnets
partOf Ethereum mainnet
linked to: Ethereum blockchain
precededBy Berlin
proposedIn Ethereum Improvement Proposals
relatedTo Ethereum monetary policy
Ethereum scalability roadmap
replacedMechanism first-price gas auction
supports type-2 transactions
testnetDeployment Goerli
Rinkeby
linked to: Ethereum testnets

Ropsten
linked to: Ethereum testnets

How these facts were elicited

Referenced by (8)

Full triples — surface form annotated when it differs from this entity's canonical label.

EGKK serves London
M23 connectsTo London
Stronger In Europe basedIn London
4AD originalLocation London
BLAST locationOfCreation London
EC4 locatedIn London