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05 March 2021

DeFi user pays $36K for one Uniswap transaction, as EIP-1559 draws closer

DeFi user pays $36K for one Uniswap transaction, as EIP-1559 draws closer


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23, Ethereum lead developer Tim Beikoposted an update on EIP-1559 in which he said “large state testing is 99% done.” A developer call on March 5 will confirm whether the EIP will be included in the London upgrade, he added.

EIP-1559 will modify this auction system by dynamically adjusting the fees so users will pay the lowest bid for the block.

The proposal will also burn gas fees which are paid in ETH and this will have alonger-term impact on Ethereum issuance and supply

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Cipher Mining To Go Public
published: 38 minutes ago
Bitfury subsidiary Cipher Mining Technologies is merging with Global Acquisition Group and going public on Nasdaq.

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