EIP1559

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. Following this, we can expect the Goerli testnet that is scheduledRead More

What Changed in Crypto Markets While You Were Sleeping — June 24

BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep. The post What Changed in Crypto Markets While You Were Sleeping — June 24 appeared first on BeInCrypto.

EIP-1559 Nears as Ethereum Upgrade Launches to Testnet

The long-awaited Ethereum London upgrade is nearing with the hard fork launching on testnet before its full deployment next month. The post EIP-1559 Nears as Ethereum Upgrade Launches to Testnet appeared first on BeInCrypto.

Polygon proposes implementing EIP-1559 on its network; so what changes?

Polygon (MATIC) a coin that saw an almost 6962% growth since the beginning of 2021, still continues to be one of the top 20 coins. It is making new implementations that can drastically improve the network.  The development team behind Polygon (MATIC) recently laid out a proposal for the implementation of EIP-1559 on its network, […]

Ethereum Miners Earned $89 Million in Transaction Fees on May 10

On May 10, the Ethereum network generated roughly $89 million in transaction fees, the highest in its history. At this pace, the platform is on the course of printing $32.5 billion in fees, a gold mine for miners but a negative development for users who are increasingly shifting to layer two options. Ethereum is ActivityRead More

The Future of Ethereum in a Meme: Ultrasound Money

The “ultrasound money” meme has been running in Ethereum based circles for some time, gaining momentum as the asset rises and rises in value during this bull market. While it is considered a joke by many, like a myriad of memes, it hides a very complex array of factors that contribute to Ethereum’s newfound status. […]

Ethereum continues wild run, ETH price breaks $4,000 for the first time

The second-largest digital asset doesn't look to be stopping its meteoric rise anytime soon. Ether (ETH) eclipsed $4,000 for the first time on May 10, passing the psychologically significant barrier on multiple exchanges including Coinbase. The new milestone comes just a week after breaking $3,000.ETH/USD 4-hour candle chart (Coinbase). Source: TradingviewLast week, ETH overtook Bank of America as the 28th largest asset in the world. But at $454.49 billion as of today, ETH ha

Ethereum (ETH) Berlin Hard Fork Goes Live as ETH Eyes $2,500

The highly-anticipated Ethereum Berlin hard fork is now live. What does the Hard Fork Offer? Ethereum, the world’s largest smart contracts platform is primed for a major upgrade via the Berlin hard fork. The hard fork will introduce several important EIPs into the protocol to make it more efficient and feasible for users. #ETH BerlinRead More

Ethereum season? ETH options traders are placing big bets for June

Ethereum options traders are placing big bets on an ETH rally in June as EIP1559 approaches. The price of Ethereum (ETH) is continuing to rally, reaching $2,000 on April 2 on the back of strong technical momentum following a high-profile announcement from Visa.As Cointelegraph previously reported on March 29, Visa will allow its partners to use USDC on the Ethereum blockchain network to settle transactions.ETH futures total open interest. Source: Bybt.comSince then, the inter

Coin Metrics: EIP-1559 Not the Ultimate Answer to Ethereum’s Fee Problems

Coin Metrics has revealed via its Ethereum Gas Report released on March 22, 2021, that the upcoming Ethereum Improvement Proposal (EIP) 1559 may not solve the network’s high gas fee problem, but scalability solutions will. EIP-1559 Not the Answer Since its launch in July 2015, Ethereum has grown to become the world’s number one distributedRead More

Can Uniswap v3 Help Alleviate the Ethereum Gas Crisis?

The post Can Uniswap v3 Help Alleviate the Ethereum Gas Crisis? appeared first on BeInCrypto.

Ethereum's high gas fee crisis won't be solved by EIP-1559: Coin Metrics report

Consistently full blocks are the primary reason that gas prices have reached all-time highs. A report by analytics provider Coin Metrics has delved into the world of Ethererum transaction fees noting that they’re still at highest-ever levels and even a much touted approaching network upgrade is unlikely to alleviate the problem.According to the Ethereum Gas Report by Coin Metrics, median fees on Ethereum have been consistently over $10 for most of 2021. Comparatively, the ave

Ethermine Helping Miners Mitigate EIP-1559 Revenue Loss with MEV Software

Ethermine has announced the launch of its Maximal Extracted Value (MEV) beta program. The mining pool claims MEV will enable its miners to make more profits and cushion the effect of the impending EIP-1559, which is designed to slash miner rewards, according to a tweet on March 17, 2021. Ethermine Adds Support for MEV  Ethermine,Read More

Ethereum mining pool launches MEV Beta program with an eye on EIP-1559

The world’s largest Ethereum mining pool, Ethermine introduced the Miner Extracted Value [MEV] strategy aimed at compensating miners for the activation of the controversial EIP-1559. The mining pool announced on Thursday,  Announcing #Ethermine MEV beta! 🥳 In order to compensate the upcoming mining reward reduction caused by the adoption of EIP-1559 we have launched our […]

New EIP hopes to quell tensions between Ethereum’s miners and developers

A new Ethereum Improvement Proposal could offer a path to compromise between Ethereum’s miners and developers, but few in the community appear to support the EIP. A new Ethereum Improvement Proposal, or EIP, has emerged amid opposition from miners to scheduled changes to the network’s fee market. While some are looking to the proposal as a means to cool flaring tensions between Ethereum’s miners and developers, the EIP appears to have secured little support from the community

Ethereum miners plot hash-power ‘show of force’ against EIP-1559

In protest of the upcoming implementation of EIP-1559, some Ethereum miners are organizing to redirect hash power to a 1559-opposed pool for 51 hours. Some Ethereum miners are trying to drum up support for a demonstration of force to show their opposition to the impending implementation of EIP-1559.Amid the backdrop of ever-escalating Ethereum fees, the Ethereum Improvement Proposal seeks to replace the network’s existing bidding-based fee market with a fixed price and burn m

Can EIP-1559 disrupt Ethereum’s 2021 bull run?

Important elements of development pertaining to Ethereum 2.0 have picked up pace recently after Phase 0 was successfully launched in December 2020. The next few months, however, will see the project take the next few steps on its roadmap. In fact, at a recent All Core Developers Call on the 5th of March, it was […]

Ethereum Berlin Upgrade Ready to be Deployed on April 14

Lead developer Tim Beiko has posted an update regarding the upcoming Ethereum Berlin network protocol upgrade. Deployment to the mainnet is slated for April 14. Before that happens, the code must be updated on Ethereum’s testnets with the first, Ropsten, rolling out on March 10. The upgrade follows the Istanbul and Muir Glacier upgrades and … Continued The post Ethereum Berlin Upgrade Ready to be Deployed on April 14 appeared first on BeInCrypto.

Ethereum’s EIP 1559 Fee Market Scheduled to Launch in July

An All Core Developers call today confirmed that the Ethereum Improvement Proposal (EIP) 1559 would be packaged with the London hard fork this coming July regardless of the mining industry’s discontent with the proposal. Developments Are Underway The event will mark one of the significant milestones ever made on the Ethereum blockchain. From the informationRead More

Major Ethereum gas fee overhaul EIP-1559 scheduled for July

Users and investors delight as EIP-1559 is scheduled for July, but ETH miners are less than thrilled. A hotly awaited upgrade to the Ethereum network that may result in ETH becoming a deflationary asset is now scheduled for the “London” hard fork in July. Ethereum lead developer Tim Beiko previously teased that the decision would be made today two weeks ago, and proposed the inclusion on the Core Developers call today. There were no verbal objections. “We’re in a spot where