What is Ethereum's Berlin hard fork?

Ethereum’s Berlin Hard Fork is the next upcoming update to the Ethereum Network. After being officially announced on March 8th, the Ethereum Foundation laid out the rough roadmap for how the Ethereum Berlin Hard Fork would become realized.

What is the “London” hard fork?

Even though the ethereum blockchain gets makeovers all the time — for those keeping track, this marks hard fork #11 — the “London” upgrade is a game changer, according to experts. The hard fork itself consists of five Ethereum Improvement Proposals. They are called EIPs for short, and each puts forth a set of changes to the code.

What is a hard fork and how does it work?

Fork takes place when there is a split on the new cryptocurrency that you currently hold. Similar to mining, the new coins you received from the hard fork have a 0 cost basis and are subject to capital gains/losses when you dispose of them. The calculation of capital gains/losses is the same as mining.

What is a hard fork in the blockchain?

Hard forks arise out of a need to re-invent a blockchain, and disagreements can force a split in the chain, also known as a hard fork. Any improvements that do not bring about splits but are implemented anyway are known as soft forks. There will be many more forks for any blockchain in the future.