The changes to the code are designed to fix many of the most prevalent issues by destroying or “burning” ether coins and changing the way transaction fees work so that they are more predictable. If you think of ethereum like a highway, London is adding a few lanes to tamp down traffic and is standardizing toll prices.
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Ethereum just activated a major change called the ‘London hard fork’ — here’s why it’s a big deal
“It adds a lot of complexity to the fee logic, but it’s an interesting approach that could potentially stabilize the fee dynamics,” said Nic Carter, Castle Island Ventures general partner and Coin Metrics co-founder.
