London hard fork activated on Ethereum blockchain

• The London hard fork on the Ethereum network has been successfully activated.
• Now on the Ethereum network, part of the commissions are burned.
• Londonshould increase the throughput of Ethereum.

On August 5, the London update was successfully activated on the Ethereum network at block 12965000. It immediately involves a number of changes, the key of which is the burning of part of the commissions.

The burning of ETH coins is included in the proposal forimproving Ethereum EIP-1559. Previously, transactions with the highest commission were added to the blockchain first. If the user did not want to wait long, he simply indicated the commission much higher than the average, and his transfer was immediately included in the block. This created certain problems. During increased activity, users had to pay $ 40– $ 50 for simple transactions and several hundred dollars for complex transactions in smart contracts.

Together with the implementation of EIP-1559 auction modelwas abolished. Now the transaction fee is fixed, and its size is determined by a special algorithm that takes into account network congestion. This should reduce user transaction costs by approximately 20%.

At the same time, the commission for an ETH transaction is now divided into two parts: one goes to the miners, the second is burned.

Other changes:

• EIP-3554 - postpones the activation of the "difficulty bomb" until December 1, 2021;
• EIP-3541 - prohibits the launch of smart contracts with addresses "0xEF";
• EIP-3529 - cancels gas compensation in SELFDESTRUCT operation and decreases it for SSTORE operations;
• EIP-3198 - Enables EIP-1559 to be extended to smart contracts.

We previously took a detailed look at all the changes that are being integrated into the Ethereum network along with the London update.

The combustion mechanism has already started to work successfully:

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After 125 blocks after the update, 54 have already been burned.19 ETH. It is assumed that the rate of emission of ETH will turn negative due to the burning of coins. If there is increased activity in the blockchain, then the amount of ETH burned should exceed the block reward.

This can have a positive effect on the price of the coin in the long term. So far, the reaction to the successful update has been mixed. At first, the price of ETH fell to $ 2,534, and then bounced to levels above $ 2,700.

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Where is it more profitable to buy Ethereum? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features &#8212; futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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