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 …
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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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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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