Published: 08 Feb 2021 › Updated: 08 Feb 2021
Ethereum(ETH) transaction fee reduction may be applied first half this year
EIP-1559 is Ethereum Transaction fee (Network Fee) reduction proposal that is planned to apply this first half.
This could be done primarily by increasing block sizes.
Even though there seem to be opposite parties to this direction, most of giant mining pools are in positive on this amendment.
EIP-1559 may reduce miners’ earnings, who have invested and earned much profits from Ethereum blockchain.
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