Ethereum Network Upgrade EIP-1559 For Lower Gas Fees Scheduled For July.
Ethereum network upgrade EIP-1559 is now scheduled for the “London” hard fork in July. Based on the proposal by Ethereum cofounder Vitalik Buterin shows that the new fee structure will impactfully adjust fees so users only pay the lowest bid for each block and change it from previous bidding system. The proposal received massive support from the Ethereum Community and it showed that it can impact the price of Ethereum positively.
Ethereum Network Upgrade EIP-1559 For Lower Gas Fees Scheduled For July.
Ethereum network upgrade EIP-1559 is now scheduled for the “London” hard fork in July. Based on the proposal by Ethereum cofounder Vitalik Buterin shows that the new fee structure will impactfully adjust fees so users only pay the lowest bid for each block and change it from previous bidding system. The proposal received massive support from the Ethereum Community and it showed that it can impact the price of Ethereum positively.