Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Galaxy on May 30, 2021, 04:06:50 PM
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Ethereum developers quickly patched up EIP-1559 a month and a half before it's set to go live. Ethereum developers have fixed a loophole in a forthcoming upgrade that would have left the network vulnerable to fake large transactions.
Scheduled for mid-July, EIP-1559 burns some ETH spent on processing transactions instead of giving it all to miners, as is currently the case. The proposal aims to reduce the volatility of Ethereum’s transaction fee. Source
(https://decrypt.co/72316/ethereum-devs-close-eip-1559-loophole-that-could-have-overwhelmed-blockchain)