Ethereum: EIP-1559 launch date

ETHEREUM CORE DEVS MEETING

• Ethereum EIP-1559 to launch July 2021
• GAS fees get a major cut securing the network
• Ethereum Miners in uproar as earnings dramatically slashed.

Ethereum EIP-1559 nears launch

It's been the biggest news on the Block Chain since the launch of Bitcoin and one many have been waiting for.

But EIP-1559 hasn't been an easy development to roll out requiring 32 Ethereum to be staked to run a node it was one of the more costly stakes on the network.

However, the anticipated launch has captivated the entire block chain who want to know when and what if any impacts it will have on the Ethereum network and the cost of GAS.

Miners have launched campaigns to prevent the change as mining revenue exceeded $600m in the month of February. A 51% attack is a risk to the current network as is a hard fork which Ethereum is hopeful of preventing with the implementation of it's Ice Age Bomb which is a delay to it's incremental hash power difficulty.

Nothing's for certain on what the future holds and if miners will launch 51% attacks or a hard fork but time will tell. But one thing is for certain on a dev and investor level EIP-1559 is needed or Ethereum may succumb to chains like Polkadot