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Proposal EIP-1559, which implies the burning of part of the transaction fees, will be part of the upcoming hard fork in July London… This decision was made following the results of the conference of the main developers, despite the dissatisfaction of the miners.
EIP-1559 has been accepted into the London hard fork for Ethereum which is tentatively scheduled for deployment in July of 2021.
– Anthony Sassano | sassal.eth ???? (@ sassal0x) March 5, 2021
According to the hardfork specifications, in addition to EIP-1559, the update contains five other proposals.
Presented by Vitalik Buterin in 2018 EIP-1559 suggests more “fair” commissions to miners for including a transaction in a block. A certain part of them will be burned algorithmically, depending on the network load.
This proposal received a lot of support from both developers and users in the light of record commissions.
Mining pools divided on those who are ready to support EIP-1159 and those who actively oppose it. The latter group is represented by the Ethermine and SparkPool mining pools, which, along with a number of other participants, own 60% of the network hashrate.
Recall that in February, the income of Ethereum miners from transaction validation jumped by 122.1% compared to January. the share of commissions received was 52.9% of total incomewhich reached a record $ 1.36 billion.
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