On August 5, 2021, Ethereum made history with the launch of the London Hard Fork — an upgrade so powerful that it reshaped Ethereum’s fee system, token economics, and long-term value proposition.
This wasn’t just another update.
This was a turning point 🚀
⚙️ What Is the London Hard Fork?
A hard fork is a major blockchain upgrade that introduces new rules. After London, Ethereum transactions became more predictable, more transparent, and economically smarter.
Ethereum names its upgrades after cities — and London delivered exactly what the city represents: structure, order, and long-term vision.
💥 EIP-1559: The Heart of the London Upgrade
The star of the London Hard Fork was EIP-1559.
Before London:
❌ Users overpaid gas fees
❌ Network congestion caused chaos
❌ No fee predictability
After London:
✅ A base fee automatically adjusts with demand
✅ Users can add a small tip for faster transactions
✅ The base fee is burned forever
Yes — Ethereum started burning $ETH 🔥
🔥 Why ETH Burning Changed Everything
Every transaction now removes $ETH from circulation.
📉 Lower supply
📈 Long-term value potential
💎 Deflationary pressure during high usage
This is why ETH started being called “Ultrasound Money” — a digital asset that becomes scarcer as the network grows.
⚠️ Impact on Miners
Miners stopped receiving base fees and now earn only:
Block rewards
Priority tips
This reduced miner revenue — and also paved the way for Ethereum’s move to Proof-of-Stake later on.
📈 Market Reaction & Long-Term Effect
When London went live at block 12,965,000, the market reacted positively.
ETH price momentum increased, and millions of ETH have since been burned.
London laid the foundation for:
✅ The Merge
✅ Ethereum’s modern monetary policy
✅ A more scalable future
🎯 Final Thoughts
The London Hard Fork didn’t just upgrade Ethereum —
it redefined its identity.
From unpredictable fees to smart economics.
From inflation concerns to deflation potential.
Ethereum grew up — and the crypto world felt it 🌍
