What the Ethereum London Hard Fork Means For Crypto

With the recent upgrade on the Ethereum network it means significant changes for the better for future crypto currencies and operations. Recent upgrades On the Ethereum Network

This is a very significant upgrade.

With the most valuable improvement being the recent EIP-1559 upgrade.

This upgrade has introduced a burn feature into the Ethereum network by reducing the transaction fees of miners on the Ethereum network.

The goal of this upgrade would be to turn Ethereum into a deflationary asset by overall reducing its supply. With the EIP-1599 upgrades already set in motion, the fee reduction feature on the network has been activated.

With this approximately two Ether coins burn up per minute, translating to roughly $8,900 worth of Ether (ETH) burned up every minute. Overall this upgrade helps stabilize the crypto market and makes the move towards eco - friendly mining one step closer to reality.

Within goodcoinnetwork we are looking for additional ways to advance crypto mining into a 100% sustainable model and currently raising money to invest in solar and wind crypto mining operations.

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