Today news
About the same in other media
What is Ethereum's EIP-1559 proposal and why is it significant?
Reading now: 865
cnbctv18.comEthereum released the London hard fork upgrade in August this year. The upgrade was a set of five Ethereum Improvement Proposals (EIPs).
One of them was called EIP-1559 aimed primarily at increasing the mining speed of its native currency Ether (ETH) and incentivising it.A significant aspect of the update was how it overhauled the transaction fee system (gas fee system). The proposal brought a base fee system to make the user experience smoother and a fee-burning mechanism that brings elements of a deflationary asset to Ether.
Read more on cnbctv18.comAbout this in other media
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
