ZyCrypto
2021-08-07 18:57:58

With 3 ETH Burned Every Minute, Is Ethereum Deflationary Now?

The much-anticipated EIP-1559 proposal eventually launched on August 5, at 12:33 UTC time. The upgrade, which was originally suggested more than two years ago, redesigns Ethereum’s fee mechanism, which has been problematic for some time now. Prior to EIP-1559, Ethereum used a standard dubbed a “first-price auction” to determine gas fees. In that system, users […]

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