Hashoshi explains the hotly anticipated Ethereum EIP 1559 upgrade that is part of the Ethereum London fork, and breaks down what it designed to do vs. the misconceptions about Ethereum EIP 1559 and its impact on ETH fees. Looking for EIP 1559 explained clearly? You’re in the right place!
Important ⚠️ The opinions and information presented in this video are strictly my own or those of the interviewee featured in the episode, and are not representative of any other individual or entity. The content provided in this video is informational in nature and does not constitute financial advice.
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⏰ // Timestamps // ⏰
0:00 EIP 1559 INTRO
0:34 Intro to EIP 1559 and the Ethereum London Hard Fork
1:52 How does gas on Ethereum work?
3:00 How are fees levied today in Ethereum?
4:18 How will the fee system chance with EIP1559?
5:42 What about “tips” on top of the base fee?
6:12 What about deflationary ETH? Base fee burning?
8:20 Miner pushback and mitigation
8:55 What to expect with EIP 1559 at launch
10:14 The biggest misconception about EIP 1559
11:24 Don’t stop here, dig deeper!
12:35 ⏭ Watch Next! Top Underrated Altcoins
🛑 // DISCLAIMERS & TRANSPARENCY // 🛑
🔺 This description box contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. Most often, I include links to products when I do product reviews, but I do not allow brands to dictate my message in relation to a product or service. You will always get my personal and honest opinion.
The information in this video is an opinion and is for informational purposes only. It is not intended as investment advice, nor does it represent any entity’s opinion but my own. Seek a duly licensed professional for investment advice. No guarantees are being made, nor promises rendered of financial gain or other benefit in this highly speculative market.
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