What is EIP-1559? Ethereum’s Fee Burning Proposal Explained | Crypto Briefing

Key Takeaways

EIP-1559 will burn a significant portion of the transaction fees on Ethereum while introducing variable block sizes to improve efficiency.
The upgrade will negatively impact Ethereum miners but will add value to ETH holders by making the asset more scarce.

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Ethereum Prices Near $1,559 Before London Upgrade and EIP-1559 Rollout – BeInCrypto

Many industry observers and analysts have jokingly commented about Ethereum prices dumping to $1,559 before the highly anticipated EIP-1559 upgrade is actually rolled out.
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It seems that those who predicted the big price crash may actually see it come to pass.

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Ethereum Client Developers Detail Difficulty Bomb Delays – BeInCrypto

The Ethereum London upgrade will also entail an adjustment to the “difficulty bomb” in addition to the long-awaited fee calculation shakeup.
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The Ethereum London hark fork is set to launch to mainnet on Aug 4.

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Ethereum’s London upgrade deployed to final testnet ahead of August 4 fork

The long-awaited London upgrade for the Ethereum network is edging closer as the code was deployed to the final testnet this week.
Ethereum’s London hard fork, which will usher in the EIP-1559 upgrade, has now been scheduled for August 4 following the launch on the Rinkeby testnet on Thursday.

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Deflationary Ethereum EIP-1559 Upgrade Slated for Aug 4 Deployment – BeInCrypto

The highly anticipated London upgrade for the Ethereum network will launch on Aug. 4 according to the lead developer.
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Ethereum lead developer Tim Beiko posted a block activation proposal on Github on July 6 revealing that the mainnet upgrade is set to deploy at block 12,965,000.

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Ethereum EIP-1559 Update Scheduled for this August | Crypto Briefing

Key Takeaways

Ethereum’s EIP-1559 update is likely to ship on Aug. 4.
EIP-1559 is one of Ethereum’s most anticipated updates to date. It will introduce a gas fee burn on every transaction, making fees easier to predict and increasing ETH’s scarcity.

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What Changed in Crypto Markets While You Were Sleeping — June 24 – BeInCrypto

BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
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Bitcoin update
Bitcoin has been moving upwards since June 22 after reaching a local low of $28,805.

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