Daily Crypto NewsEDITION #255, 05 July 2021

London! Vitalik f… Buterin, London!

Hey #Moni Maker 🔊

Today, in 1841, Thomas Cook opened the world's first travel agency. Traveling is a very entertaining thing, and for some people it is a vital necessity. But lately we've been given to ride on dips...

Okay, let's get some positive energy on Monday. Here's a video with cats. Let's go!

The Ethereum network witnessed the deployment of its London upgrade on the Ropsten testnet on June 24. This upgrade consists of the highly anticipated Ethereum Improvement Proposal (EIP) 1559.

Following the launch on the Ropsten testnet, the London upgrade will be deployed on Ethereum’s Goerli, Rinkeby and Kovan testnets at weekly intervals. This is one of the important steps in the roadmap to implement a proof-of-stake (PoS) consensus on the Ethereum network, also known as Ethereum 2.0.

The London upgrade brings five EIPs that are going to be deployed on the testnets — EIP-1559, EIP-3198, EIP-3529, EIP-3541 and EIP-3554. The hotly debated EIP-1559 proposal is a transaction pricing mechanism that consists of a fixed per-block network fee that is burned and allows the dynamic expansion and contraction of block sizes to address the congestion issue.

So what?

Okay, if you've seen a lot of incomprehensible words here and didn't understand anything, it's better to tell it this way. Everyone is waiting for London. There are opinions that London will bring pain to ether users and miners - even raise gas prices.

If there is an opinion that everything will be okay, respectively ETH price will go up.

Do we wait and believe?

So what?

Great! Museums shill NFT. People from all walks of life are paying attention to them. NFTs are being used for something more practical.

Super!

Everyone at NFT is buying land in Decentraland and The Sandbox, but the company closest to creating a meta-universe is Tencent with Epic Games (Fortnite).

Just look at the apps and companies in their ecosystem.

Resource.

So what?

There is a theory that in 10-15 years, we will all be immersed in virtual reality. We'll be communicating there, living there, just like in the movie "The Matrix."Could we be already...?

Hard Cap — is a maximum fundraise goal that crypto startup can receive from investors on ICO/IDO/IEO and etc. Fun fact — there was no hard cap on Ethereum ICO.

And more you can find in our Glossary!

And you...buy Bitcoin! 😉 (it's a good time!)