What is the impact of EIP-1559 on the cryptocurrency market?

1 answers

• Dec 26, 2021 · 3 years ago
  As a representative of BYDFi, I believe that EIP-1559 has the potential to bring positive changes to the cryptocurrency market. The introduction of a base fee and the burning mechanism can address the issue of high and unpredictable transaction fees on the Ethereum network. This can make Ethereum more user-friendly and attract more users and developers to the platform. Additionally, the potential increase in the value of Ether due to the reduction in supply can benefit existing Ethereum holders. Overall, EIP-1559 has the potential to improve the user experience and drive further adoption of Ethereum in the cryptocurrency market.
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