Explainer: Major Ethereum upgrade set to alter supply, fix transaction fees


FILE PHOTO Representations of cryptocurrency Ethereum are placed on PC motherboard in this illustration taken June 29 2021. REUTERSDado RuvicIllustration

FILE PHOTO: Representations of cryptocurrency Ethereum are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration

NEW YORK (Reuters) - Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether token and sharply boost its price.

The scheduled coding revamp will go live on Aug. 4.

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