Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
EIP-1559 Upgrade
Ethereum to Overhaul Its Transaction Pricing Mechanism with EIP-1559 Upgrade
Ethereum is about to reach one of its biggest milestones in recent memory with the rollout of a long-anticipated upgrade that overhauls how the network handles transaction fees. Dubbed the Ethereum Improvement Proposal 1559 (EIP 1559), the upgrade is scheduled for inclusion into the network's codebase this coming July. Ethereum CEO Vitalik Buterin originally proposed the EIP in 2019. ETH users are required to pay a gas fee for each transaction they make on the blockchain. Currently, the fee is…
4 years ago