Ethereum’s London hard fork is expected to arrive on Thursday, ushering in EIP-1559

by Aurelia Butler 3 August 2021, 22:00 169 Views

Ethereum Improvement Proposal 1559, or EIP-1559, will directly affect how the network handles transaction fees. Going forward, each transaction will burn a base fee, thereby decreasing the asset’s circulating supply and giving users the option of including a tip to help incentivize speedier confirmations proportionate to network demand. The London fork will also introduce other EIPs, such as EIP-3541, according to a blog post from the Ethereum Foundation in mid-July.

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Source: Cryptocurrency - investing.com

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Ethereum’s London hard fork is expected to arrive on Thursday, ushering in EIP-1559

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Frontier Airlines passenger taped to seat after allegedly groping, attacking flight attendants

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