The Ethereum community has been gearing up for the highly anticipated London Network Upgrade which should take place on August 5 around 9:00 a.m. (EDT). Node operators have been asked to upgrade their nodes as soon as possible, as the upgrade is scheduled to take place at block height 12,965,000.

Ethereum Set to Fork on Thursday, Blockchain Will See 5 Improvements
According to the countdown clock hosted on etherscan.io, the Ethereum (ETH) blockchain will be upgraded in the near future, on or around Thursday afternoon. Previously, Bitcoin.com News reported on the London upgrade on July 9, 2021, and at the time it was estimated block 12,965,000 would fall on or around August 4.

The “London Mainnet Announcement” was revealed by Tim Beiko when the developer wrote a summary about the upgrade via the official Ethereum blog.

With the countdown clock ticking down, the Ethereum fork should take place on Thursday on or around 9:00 a.m. (EDT), depending on how long it takes to process more than 5,000 ETH blocks. The London hard fork includes a total of five Ethereum Improvement Proposals (EIPs). The EIPs included in tomorrow upgrade include:

EIP-1559: Fee market change for ETH 1.0 chain
EIP-3198: BASEFEE opcode
EIP-3529: Reduction in refunds
EIP-3541: Reject new contracts starting with the 0xEF byte
EIP-3554: Difficulty Bomb Delay to December 1st 2021

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