Ethereum Hardfork: Fundamental Changes Coming To The Second Largest Cryptoby@serkhitrov
966 reads

Ethereum Hardfork: Fundamental Changes Coming To The Second Largest Crypto

tldt arrow
Read on Terminal Reader

Too Long; Didn't Read

The famous EIP-1559, one of the most anticipated updates for the cryptocurrency industry in 2021, is finally set to roll out on August 4. This update should change the fee structure of each transaction, making those fees less volatile while reducing the amount of ETH in circulation. EIP 1559 is part of the London Hard Fork, proposed on block 12965000. Its activation on the mainnet is expected to take place between 1 p.m. (GMT) and 5pm ( GMT) The update is also known as the "ETH token burning mechanism"

People Mentioned

Mention Thumbnail

Company Mentioned

Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - Ethereum Hardfork: Fundamental Changes Coming To The Second Largest Crypto
Sergei Khitrov HackerNoon profile picture

@serkhitrov

Sergei Khitrov

About @serkhitrov
LEARN MORE ABOUT @SERKHITROV'S EXPERTISE AND PLACE ON THE INTERNET.
react to story with heart

RELATED STORIES

L O A D I N G
. . . comments & more!
Hackernoon hq - po box 2206, edwards, colorado 81632, usa