With The Merge Coming Ethereum’s Chief Scientist and Muse Takes Stock
The arrival of EIP 1559, Ethereum’s big upgrade, changed the supply-and-demand calculus for the smart contract giant.
It’s been a month, almost to the day, since Ethereum’s EIP-1559 upgrade went live, and the milestone was met with the first-ever deflationary day for ETH, where more of the cryptocurrency was burned than issued. The upgrade promised more predictable gas fees, an improved user experience and the potential for a lower ETH inflation rate. …
The Ethereum market is on fire, at least proverbially speaking. Over the first eight hours since EIP-1559 was implemented, thus changing the transaction fee mechanism of Ethereum, 2,458 ETH, or $6.9M at ETH’s current price of around $2.8K, had been burned. The proposal, which went into effect with the London hard fork at 8:34 am …
ETH Burns and a Price Surge After EIP-1559 Executes Read More »
There’s a bullish case for ETH, and it’s being defined by terms such as ultrasound money, triple-halving, and deflationary asset. Ethereum’s London hard fork is set to execute on August 5 and the included EIP-1559 upgrade has been hailed by many as a game changer for the world’s second largest cryptocurrency. Because the upgrade sets …
The Math Behind a Deflationary ETH After EIP-1559 Read More »
Ethereum’s London hard fork upgrade, one of the biggest changes to the world’s most active blockchain, is slated to go into effect tomorrow August 5. With anticipation building about its effect on ETH and gas prices, here’s what users should expect. First and foremost, if you have ever been confused by Ethereum gas fees in …
What Will Change for Users and Developers After EIP-1559 Read More »
Defiers may be a disparate, opinionated bunch but there is one thing we can all agree on — Ethereum gas prices are a real drag. Just look at what’s happened over the past few months. Gas prices have ping-ponged all over the place, turning off users from doing all the cool things Ethereum was designed …
Here’s How EIP-1559 Changes the Economics of Ethereum Read More »
The price of Ethereum’s Ether has been rallying in the lead-up to the EIP-1559 upgrade. ETH crossed $2,500 for the first time since June 16 over the weekend — that’s a 47% increase from $1.7K on June 22, the lowest since hitting an all-time high above $4.3K on May 12. Analysts and traders speculate Ethereum’s …
On-Chain Markets Update by Lucas Outumuro, IntoTheBlock Following the market’s crash in May, on-chain activity on Ethereum slowed down as demand for dog-themed tokens and opportunities for yield diminished. Over the past few days, this trend has reversed as demand for NFT and gaming projects picks up. With the implementation of EIP-1559 less than a …
In this week’s episode we speak with Tim Beiko, who organizes the Ethereum core developers calls and knows all the intricacies and latest development of the world’s most active blockchain. We spoke right after Beiko had proposed a date for the implementation of one of the biggest changes expected to happen to the Ethereum blockchain in …
The date is set. The upgrade, called London after Ethereum’s Devcon 1 location, includes the famous improvement proposal. EIP-1559, as the upgrade is labeled, will go live at block number 12,965,000. The launch date is expected to be August 4. EIP-1559 will change Ethereum’s fee model so that each block will have a set “BASEFEE,” …
EIP-1559 Locked In With London Upgrade on August 4 Read More »
Ethereum Improvement Proposal 1559, a long awaited update to Ethereum’s core codebase, was rumored to be ready for deployment yesterday in a leaked Discord conversation on Twitter. The proposal aims to change Ethereum’s transaction fee mechanism to improve user experience and reduce ether inflation. Most Significant As EIP-1559 is viewed by the broader Ethereum community …
