We are proud to be part of BitColors ecosystem, a unique collection of 1000 NFT colors that you can own and trade on OpenSea. BitColors aims to create something unique in the NFT space and set an example for a new wave of collections like CryptoPunks did for avatars. Colors for our logo we took from the BitColors collection. Ownership of colors should be remarkable and unprecedented and you have a chance to buy it now. Want to follow their updates? Then subscribe to BtColors Twitter, and Discord.
Buterin expresses confidence in ETH 2.0 following a successful London upgrade
Crypto News

Buterin expresses confidence in ETH 2.0 following a successful London upgrade

Saudu Clement
Saudu Clement

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.