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EIP 1559: Ethereum's Fee Market Upgrade Explained
In July, Ethereum is expected to undergo a backwards-incompatible upgrade, also called a "hard fork." One of the most highly anticipated code changes in the upgrade dubbed "London" is Ethereum Improvement Proposal (EIP) 1559. At its core, EIP 1559 is designed to make transaction fees less volatile and more predictable. In this report, we give an overview of how EIP 1559 works and what its intended impacts are to investors, miners and users.
Christine Kim
Christine is a research analyst for CoinDesk. She focusses on producing data-driven insights about the cryptocurrency and blockchain industry. Prior to her role as a research analyst, Christine was a tech reporter for CoinDesk mainly covering developments on the ethereum blockchain. Cryptocurrency holdings: None.
