eip-1559 News and Articles

Ethereum developers have identified a vulnerability in the EIP-1559 project that could lead to network congestion. This was told by the participant of the Ethereum Foundation Tim Beiko. The EIP-1559, presented in 2018, involves the burning of some of the transaction fees and helps to reduce the...

The operator of the Ethermine mining pool, Bitfly, has launched in beta software to implement the Maximal Extracted Value (MEV) arbitrage strategy. It assumes compensation to miners after activating EIP-1559. MEV automates the sequence of transactions on the blockchain-based on potential arbitrage...

On April 1, miners on the Ethereum network will pool the hashrate in the Ethermine pool, which opposes the implementation of the EIP-1559 proposal. The promotion will last 51 hours. EIP-1559 aims to replace the existing bid-based fee market with a fixed price and incineration mechanism. The offer...

Ethereum miners have split into two warring camps due to the EIP-1559 proposal. It involves burning part of the transaction fees and helps to reduce the volatility of the gas price. The third-largest Ethereum pool, F2Pool, published a post in support of a proposal to improve the second-largest...