> ## Content Index
> Fetch the complete content index at: https://btcpeers.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Buterin expresses confidence in ETH 2.0 following a successful London upgrade
- URL: https://btcpeers.com/buterin-expresses-confidence-in-eth-2-0-following-a-successful-london-upgrade-2/
- Published: 2021-08-06T18:21:00.000Z
- Updated: 2023-09-24T15:44:21.000Z
- Author: John Williams
- Tags: News, #saudu, #Import 2025-12-27 14:07

Following the successful deployment of Ethereum’s London upgrade, Vitalik Buterin has expressed his optimism on the future of the network.

Ethereum’s co-founder Buterin hailed the upgrade as a game-changer that has reinforced his confidence for the upcoming ETH 2.0 merge. London went live yesterday at 12:33 UTC, at block height 12,965,000.

Speaking to Bloomberg News on Thursday, Buterin said:

> 1559 is definitely the most important part of London \[…\] definitely makes me more confident about the merge.

The London hard fork featured the much anticipated EIP-1559 upgrade, tweaked the fee generation mechanism, resulting in a portion of the fees being burnt in less than 24 hours. The effects are already evident, as more than $10 million worth of ETH has been destroyed.

The tech entrepreneur further expressed his belief that the London hard fork is *“proof that the Ethereum ecosystem is able to make significant changes.”*

The merger will mark an end to Ethereum’s current proof-of-mechanism in favor of a proof-of-stake consensus algorithm. The development has been positive for the Ethereum market, with Ether climbing up to 3% in the past 24 hours at a little under $2,800.

Check our guide of the most promising [crypto](https://btcpeers.com/what-is-the-best-cryptocurrency-to-invest-in/)