Berlin hardfork on Ethereum blockchain
On the Ethereum blockchain at block 12,244,000, the planned hard fork of Berlin took place. The update includes four proposals to improve the current Ethereum network and reduce fees. Berlin’s goal is to reduce transaction fees on the network. Considering that Ethereum is in high demand among projects working with decentralized finance (DeFi) and non-fungible tokens (NFT), this network lacks the ability to quickly process transactions. As a result, users are forced to pay high…