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 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.