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eip-1559

cryptocurrency January 17, 2024

Péter Szilágyi, an Ethereum (ETH) developer, has lauded EIP-1559 and its ETH burning mechanism as “the great equalizer.” Taking to X on January 16, Szilágyi admired EIP-1559’s ability to “level the playing field between validators and regular users.” Advertisements Developer: EIP-1559 Is A “Great Equalizer” Since the implementation of EIP-1559, Ethereum adjusted how users bid gas […]

cryptocurrency March 28, 2023

Ethereum prices remain below $2,000 months after the network initiated EIP-1559, trackers on March 28 reveal. Advertisements Ethereum Prices Trending Below $2,000 ETH, the native currency of Ethereum, is currently trading at $1,717, stable on the last day and week but retracing from recent highs of around $1,850. The network has burnt over 3 million ETH from […]

cryptocurrency April 12, 2022

Total market capitalization for cryptocurrencies dipped by 10% over the past week and 4.15% in 24 hours. Consequently,  ETH suffered the wrath of decline. Usually, FUD (Fear, Uncertainty, and Doubt) is a part of a rally. But, curiously, Ethereum witnessed FUD in its bear market this time.  Advertisements Well, ETH saw a 5% price correction […]

cryptocurrency March 10, 2022

Ethereum implemented the EIP-1559 in 2021 and since then, ETH has been burned every day. This upgrade has pushed the network towards becoming deflationary, taking more than 30% that would have gone straight into circulation and burning it. Now, only seven months after the upgrade was implemented, the network has reached another milestone of ETH […]

cryptocurrency January 18, 2022

The Ethereum upgrade that introduced a partial network fee burning mechanism in August last year is currently making headlines again. Ethereum sidechain network Polygon is in the news today after it incorporated the same update (EIP-1559) within its ecosystem. Advertisements The ‘deflationary’ club  Folks, #EIP1559 is a few hours away from going live on the […]

cryptocurrency December 14, 2021

India-based Polygon network has been trending for a while now. Recently the Ethereum-powered network acquired a zero-knowledge (ZK) protocol developer, Mir, for around USD 400 million. Now, it is rolling out a testnet implementation that could possibly hike MATIC by 3X in the current cycle. Advertisements Roll-out Polygon, a layer-2 scaling solution taking inspiration from […]

cryptocurrency August 5, 2021

All eyes today are on Ethereum as the long-awaited EIP-1559 launches for the first time. The supply-focused update could result in a the start of a spectacular show that could last another several months. Advertisements A fractal has potentially appeared that mimics the price action just ahead of the most recent explosive Ether rally, which […]