Over 4,000 ETH burned hours after EIP-1559 upgrade

Over 4000 ETH have been ‘burned’ just hours after the ambitious EIP-1559 upgrade was rolled out on the Ethereum network, data from multiple sources shows. The post Over 4,000 ETH burned hours after EIP-1559 upgrade appeared first on CryptoSlate.

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EIP-1559 Upgrade Goes Live on Ethereum Testnet

Ropsten has successfully upgraded with the fee market reforming Ethereum Improvement Proposal (EIP) 1559, and is currently live.   Live Burning of Ethereum Lead developer Tim Beiko tweeted earlier today that the first block, even though it took a while, was produced on the testnet.

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EIP-1559 Delivers What it Promises, But it’s Not Solving Gas Fees Problem

Highly anticipated EIP 1559 is getting closer and closer to its implementation as each day passes. While London hard fork upgrade in mid-July is still a month and a half away, it is all the Ethereum community can talk about.

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Nvidia: Ethereum’s PoS Upgrade Will Set Back Graphics Card Demand

As Ethereum’s transition to EIP-1559 and Ethereum 2.0 loom ever closer, discussions over the future of GPU mining have swept over the crypto mining community. If EIP-1559 fails to bring down Ethereum’s obscenely high transaction costs and thus drive Ethereum mining obsolete, the shift to proof-of-stake certainly will. While these thoughts are a dime a […]

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Ethereum London Upgrade with EIP-1559 Set to Be Released on July 14th

With a tentative release date set, the market now has a countdown to run for Ethereum to start its journey as “a deflationary asset,” a narrative that sent its prices to a new ATH and is now helping it recover from the sell-off.

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An incredibly bullish and continuous “Ether burn” will precede the EIP-1559 upgrade

Ethereum is about to moon meteorically, that is if the EIP-1559 upgrade witnesses a successful rollout. The entire Ethereum ecosystem has been excited as they await the integration of the long-awaited Ethereum Improvement Proposal, but with Ether users and insider sources dropping bullish tweets about the perceived future of the Ethereum network, post the EIP-1559 […]

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Ethereum Miners Protesting EIP-1559 Has Accelerated Upgrade to ETH 2.0

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Vitalik Buterin Unfazed by Chinese Ethereum Miner Concerns

Vitalik Buterin has been exercising some of his Chinese language skills on local social media platforms. It seems that miners are growing anxious over the approaching Ethereum EIP-1559 upgrade that could threaten their burgeoning revenue streams.

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BIC’s Crypto Video News Show: Will EIP-1559 Save Ethereum From Binance Smart Chain?

On Feb. 22, Predictions Global founder and Ethereum developer Ryan Berckmans tweeted that the ‘London’ hard fork could launch in July.   EIP-1559 has become the most anticipated upgrade since ETH 2.

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Ethereum Developers Eye July for Gas-Saving EIP-1559 Launch

Ethereum Improvement Proposal (EIP) 1559 has been the most talked-about upgrade for the network since ETH 2. 0 was launched on Dec. 1, 2020. The EIP tackles the debilitating problem of high transaction fees which have strained the network in recent months.

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This analyst thinks EIP-1559 could send Ethereum past $1,000 in 2021

Ethereum has been seeing immense underlying strength as of late due to the progress towards the ETH 2 network upgrade, which is expected to help drive further development activity and usage to the platform.

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