Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: Zed0X on February 25, 2021, 06:13:38 AM

Title: Ethereum Improvement Proposal (EIP) 1559
Post by: Zed0X on February 25, 2021, 06:13:38 AM
For those who are unaware, it's a proposal by the community to improve the experience of ethereum users by fixing the gas fees that are currently forcing many people to move to other blockchains.

As good as it sounds, there are some miners who are opposing the proposal and for obvious reasons ($$$).

It's scheduled to be done tomorrow. Let's wait until then.
(source (https://coinmarketcap.com/headlines/news/eip-1559-implementation-call/))
Title: Re: Ethereum Improvement Proposal (EIP) 1559
Post by: Muneeb22 on February 25, 2021, 06:30:20 AM
ETH gas fee is so much high and that the reason that the new projects are almost go to another wallets and i saw that the new projects now try to go to the TRC20 becasue they have low fee.
Title: Re: Ethereum Improvement Proposal (EIP) 1559
Post by: krypto4uvak on February 25, 2021, 07:09:29 AM
Yes it is. I never thought Ethereum would have such a high gas price. I also see how well-known projects start working on the Tron blockchain.
Title: Re: Ethereum Improvement Proposal (EIP) 1559
Post by: ice18 on February 25, 2021, 03:50:35 PM
That is a good news if implemented immediately I thought it will be on July this year Im sure many users of eth dapps are really eager to this improvement in th transaction fees I also have many tokens stock in my wallet to send in exchanges but I cant even send it due to huge gas fees I dont want to spend 30usd for sending my tokens thats too much. 
Title: Re: Ethereum Improvement Proposal (EIP) 1559
Post by: Zed0X on February 25, 2021, 05:05:20 PM
That is a good news if implemented immediately I thought it will be on July this year
Discussion about the proposal will be done tomorrow. If approved, the implementation would most likely be on July. I'm confident majority will think of the ethereum regular users but who knows if there will be surprises. Money talks after all.