Ethereum to Undergo BPO Hard Fork on January 7th
Ethereum core developers are preparing to raise the network’s gas limit from 60 million to 80 million following the BPO hard fork, scheduled for January 7. The change is intended to increase transaction throughput and allow more smart-contract operations per block, potentially easing congestion and reducing average fees.
What is a hardfork?
The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, changes are periodically introduced into it. A hard fork represents changes that are not compatible with previous versions of software supporting the cryptocurrency network. In order to continue to mine the cryptocurrency, miners need to update the software.
In some cases, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash and EthereumPoW.
