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Tag: ethereum update

March 8, 2021September 17, 2021 OJ Jordan News

Ethereum’s EIP 1559 In Simple Terms

The biggest news of the past 2 days is a proposal for an update to be implemented to the Ethereum protocol, which has just been given the green light for July this year.Named EIP-1559, it includes changes to the way fees are being calculated, applied and distributed.Currently, Ethereum transaction fees are calculated using a system … Continue reading Ethereum’s EIP 1559 In Simple Terms

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