Everything You Need To Know About EIP-1559 | EIP1559 Explained
EIP-1559 is probably the most anticipated (and controversial) Ethereum update this side of Eth2, but what exactly is it, why are people so excited or concerned about it, and how will it affect you?
Check out the video explanation here:
Or, if you prefer a write-up, take a look at my Medium post here: https://medium.com/topic-crypto/everything-you-need-to-know-about-eip-1559-eip1559-explained-8332bb46306d
If you want to research EIP-1559 further, I suggest checking out some of the following pieces:
📖 Read:
Why 1559? by Tim Beiko
Blockchain fees are broken. Here are 3 proposals to fix them. by Haseeb Qureshi
All You Need to Know About EIP-1559 (and more) by Uncommon Core
The Price of Agency by Barnabé Monnot
Transaction Fee Mechanism Design for the Ethereum Blockchain: An Economic Analysis of EIP-1559∗ by Tim Roughgarden
Economic Analysis of EIP-1559: A Summary by Saša Milić (summarises Tim Roughgarden’s lengthy paper).
📺 Watch:
Can ETH Become DEFLATIONARY? EIP 1559 Explained by Finematics
Tim Roughgarden: An Economic Analysis of EIP-1559; Q&A with Vitalik Buterin
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Disclaimer:
Anything expressed here is my own opinion stated for informational and educational purposes; nothing I say should be taken as investment or financial advice.I may own some of the cryptoassets mentioned here. At the time of upload (May 2021), I own:
Long Term Holdings: Bitcoin (BTC), Ether (ETH)
Short-Medium Term Holdings: Alpha Finance (ALPHA), Polygon (MATIC), Terra (LUNA), THORChain (RUNE), SushiSwap (SUSHI), Uniswap (UNI), Index Coop (INDEX)
Stablecoins: USDC