Ethereum co-founder Vitalik Buterin has hailed the London hard fork a success adding that it has given him more confidence over the upcoming merge to the Eth 2.0 chain.
Speaking to Bloomberg News from Singapore, Buterin said that EIP-1559 is “definitely the most important part of London.” The upgrade, which went live around 15 hours ago, has tweaked the fee generation mechanism resulting in a portion of the fees being burnt.
At the time of writing, more than 3,500 ETH worth around $9.8 million had already been burnt since the upgrade launched.
Buterin stated that the successful deployment of the London upgrade is “proof that the Ethereum ecosystem is able to make significant changes.” He added that the upgrade:
“Definitely makes me more confident about the merge”