The long-awaited London hard fork, also known as the EIP-1559, has a tentative launch date. The upgrade should ship as soon as this August.
A key bullish catalyst on the horizon for Ethereum is a major infrastructure upgrade to the network: the London hard fork.
It includes five crucial Ethereum Improvement Proposal (EIP) upgrades, but the star of the show is EIP-1559, which is highly controversial as it promises to make ETH a deflationary token for the first time in its history by burning the base fee. It is believed that this burn will decrease miner revenue.
