Ethereum sidechain network, Polygon has initiated EIP-1559, also called London Hardfork. The update was activated at block height 23850000 at 2:48 am UTC, and replaces Polygon’s previous fee system based on “first-price …
MoreTag: EIP-1559
Ethereum (ETH) ultra-bullish for 2022 following the implementation of EIP-1559
The supply of Ether, the native coin of the Ethereum blockchain network may be entering a deflationary regime just like it was projected with the introduction of EIP-1559. At the moment, …
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EIP-1559 has burned over 1 million Ethereum (ETH) since launching in August
Ethereum’s EIP-1559 update has now burned over 1 million ETH worth roughly $4.3 billion. The number two crypto’s fee burning proposal shipped as part of the London hardfork on Aug. 5 and …
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How Polygon and xDai will adopt EIP-1559
To maintain their compatibility with Ethereum, Polygon and xDai have also planned to implement the fee burning proposal used in EIP-1559 on their own networks. Ethereum shipped EIP-1559 last week after …
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Vitalik Buterin: “More confident about the merge” following ETH successful London upgrade
Ethereum co-founder Vitalik Buterin has hailed the London hard fork a success adding that it has given him more confidence over the upcoming merge to the Eth 2.0 chain. Speaking …
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EIP-1559 has already burned $1 million worth of ETH
$1 million worth of ETH has been burned in under three hours since the London hardfork and the implementation of EIP-1559 earlier today. Ethereum’s EIP-1559 update has already burned $1 million worth …
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Ethereum ‘London hard fork’ set to arrive on Thursday, ushering in EIP-1559
Ethereum’s London upgrade is set to activate on Thursday, according to the countdown available on Ethereum.org. “The London upgrade is scheduled to go live on Ethereum in August 2021, on block 12,965,000,” …
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Ethereum (ETH) developers fixing EIP-1559 bugs on the road to London
The latest developments in the testing phases of the upcoming Ethereum upgrade were detailed in a ‘London Testnet Retrospective’ posted by lead developer Tim Beiko on July 21. It reported that the …
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Ethereum’s anticipated London hard fork set for full mainnet launch on August 4
The long-awaited London hard fork, also known as the EIP-1559, has a tentative launch date. The upgrade should ship as soon as this August. A key bullish catalyst on the …
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Ethereum testnet burns 88K ETH in preparation for EIP-1559
Ethereum’s London hard fork launched on the Ropsten testnet on June 24 in preparation for the mainnet rollout in July. The upgrade will usher in the implementation of the highly …
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