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Month: August 2021

August 3, 2021
All You Need to Know About EIP-1559

All You Need to Know About EIP-1559

EIP-1559 is an Ethereum Improvement Proposal created to optimize the fee market system of the Ethereum blockchain.  The EIP — activated in the London hard fork upgrade on Aug. 5th, 2021 — will change the way Ethereum gas fees are calculated and in doing so streamline transaction UX, improve ETH’s economics, and boost the security …

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