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Bullish on Ethereum’s London hard fork? Here’s an options strategy pro traders use

Published 07/08/2021, 03:44 PM
Updated 07/08/2021, 05:20 PM
Bullish on Ethereum’s London hard fork? Here’s an options strategy pro traders use
ETH/USD
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The Ethereum network will undergo a major upgrade on Aug. 4, as the long-awaited London hard fork is expected to launch at block 12,965,000. The transition is part of a roadmap leading to the Ethereum 2.0 release, which aims to migrate the network to a proof-of-stake consensus mechanism.

By no longer depending on the intense energy-consumption mining, the main goal is to drastically increase the network's capacity by using parallel processing, also known as sharding.

Profit / Loss estimate. Source: Deribit Position Builder

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