Will EIP1559 split the Ethereum community?steemCreated with Sketch.

in CryptoDog5 years ago

eth.jpeg

Ethereum is so strong today that mainstream crypto analysts believe that it will remain strong until the end of the year. Contrary to this general consensus, Ethereum's upcoming 1559 improvement proposal EIP (Ethereum Improvement Proposal) has recently caused a lot of controversy in the Ethereum community.

"The controversial EIP-1559 will optimize the user experience, and in order to maintain network security will burn most of the transaction fees, rather than to miners, do you agree with the proposal?" Ethereum mining pool Ethermine parent company Bitfly on January 15 In the survey conducted on Twitter on Japan, in addition to 17.9% of the people who eat melons, 61.5% of the voters opposed the proposal, while only 20.6% were in favor.
image.png

The Ethereum mining pool Flexpool posted a more passionate post yesterday and officially announced its opposition to the EIP-1559 proposal. In this message, Flexpool calls on the community to respect miners and stop speculation. He also complained of the long-term disregard and rudeness of the Ethereum developers to the miners: "Ethereum developers once said that the miners are ‘animals’. What can we expect from them?"

image.png

According to Flexpool, the existing Ethereum transaction fee mechanism originally implemented a fixed block size, which specifies the maximum transaction volume that can be processed in a block. On-chain transactions will be sent to miners, who will decide which transactions are included in the block and which are not. This introduces a transaction fee auction mechanism; users bid on transaction fees so that their transactions have priority over other transactions. Miners select the transaction with the highest transaction fee and include it in the new block.

After EIP-1559 is activated, the block will become larger, and the income of the miners will also change: "The base fee after EIP-1559 goes online can be explained in this way. You no longer pay a tip to the waiter, but instead The waiter burned the tip and laughed at him... The transaction fee was not saved; on the contrary, it burned after the fee was incurred (not paid to the miner). Our miner does not support EIP-1559, Therefore oppose the proposal."

Although some people believe that EIP-1559 will be beneficial to the security of the Ethereum network and the value of the public chain (and therefore beneficial to miners), the proposal will undoubtedly reduce the income of miners at this stage. Under Bitfly’s EIP-1559 Twitter survey, many people also expressed sympathy for the miners:

image.png

After continuous fermentation, the Ethereum developer community seems to be touched. In the latest post, the developer of the proposal first emphasized that transaction fees only accounted for a small part of the miners’ income, and it is not clear what is after EIP-1559. How much transaction fees will be burned, but still agree to take the following measures:

image.png

Although it does not completely solve the problem of miners' income reduction, it at least shows that developers are beginning to face the miners' contribution. In fact, disputes between miners and developers are not uncommon in the POW public chain world. The contradiction between miners and code farmers has caused a precedent for community forks. In the past, the miners represented by Bitmain forked the Bitcoin public chain, and later the ABC development team forked BCH. The miners and developers represented the blockchain. How to find the balance between the two most important groups in the community will become one of the most important problems before Ethereum's difficult transition to 2.0.

As always, no Chinese miners were seen in this community debate. Flexpool also criticized the world's largest mining pool and Ethermine in the essay, saying that they did not protect the interests of their miners. After the miners joined the mining pool, these voting rights were transferred to the mining pool. The operation and maintenance companies of the mining pool were supposed to make the most profitable choice for their miners, but they did nothing.

Reference

[1]https://medium.com/flexpool/flexpool-announces-its-position-against-eip-1559-heres-why-c5275b7c4465
[2]https://medium.com/@ralexstokes/miners-favor-1559-b91e003b63eb
[3]https://hackmd.io/@timbeiko/1559-updates/https%3A%2F%2Fhackmd.io%2F%40timbeiko%2F1559-update-006