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Major Ethereum gas fee overhaul EIP-1559 scheduled for July

Major Ethereum gas fee overhaul EIP-1559 scheduled for July



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  1. I don’t know how people deal with the fees, it’s insane.

    Kings of Leon just released an NFT album on the ethereum chain and for quite a few people it’s a first exposure to crypto and they see a price of. 035 ETH and buy. 04or whatever, and then end up needing more than double the purchase price. It’s a terrible way to introduce people to crypto.

  2. The most interesting part of EIP-1559 is the boost will give on both Defi, with reduced dees, and how base fees will be burnt for deflationary mechanics.

    Deflationary means this proposal will likely have a real effect on ETH prices overtime, slightly reducing circulation and creating scarcity.

  3. Bought the Kings of Leon NFT for .035 ETH but it cost .05 in fees for a total of $130 . The market can’t function with fees that high and the average joe won’t every embrace the technology. Only idiots that love the newest technology will use it like me.

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