Tag: eip 1559

Mar 22 2022

4 reasons why Ethereum is surging as price the climbs over $3,000

Mar 22 2022 Published at CryptoSlate under tags  analysis edge eip 1559 eth eth 2.0

The macroeconomic and geopolitical environment surrounding crypto and the whole global economy has had its impact on the price action of cryptocurrencies in general, with the war in Ukraine as the overarching geopolitical disaster moving energy and commodities prices to dangerously high levels. However, In the U.S., the Federal Reserve’s FOMC (Federal Open...

Mar 21 2022

2 million ETH tokens have been burnt as Merge draws nearer

Mar 21 2022 Published at CryptoSlate under tags  eip 1559 eth 2.0 ethereum opensea

The Ethereum EIP-1559 has now burned 2 million ETH. The burning mechanism, which became active after the London hard fork in August 2021, is part of the effort to keep the token deflationary. As of press time, over $5 billion worth of Ethereum tokens has been burnt at their current value. Over $5 billion ETH burnt The...

Jan 08 2022

Here is why Ethereum’s dominance in DeFi is falling

Ethereum is undoubtedly the leading blockchain in DeFi, but this could be about to change as analysts at JPMorgan have noted that the dominance of the asset in the space could already be fading. According to the analysts, the rise of smart contract-enabled protocols like Terra, Avalanche, and Solana have shown that the lead of Ethereum is not absolute in DeFi. These...

Dec 04 2021

BNB bulls rejoice as Binance Smart Chain activates automatic burning mechanism

Dec 04 2021 Published at CryptoSlate under tags  analysis bep-95 bnb eip 1559 ethereum

Binance Smart Chain (BSC) has finally activated its BEP-95 upgrade which would lead to the phase out of the old manual burning method to an automatic burning mechanism. Though the burning mechanism shares a few similar features with that of Ethereum’s EIP-1559, there are quite a number of differences in both burning methods. Binance’s BEP-95 is live...

Oct 27 2021

Supply for Binance Coin set to decrease as BEP-95 seeks to burn BNB in ‘real time’

Oct 27 2021 Published at CryptoSlate under tags  bep-95 binance bnb defi eip 1559

Binance has pulled a new trick out of its bag as it plans to introduce a real- time burning mechanism, Binance Evolution Protocol, BEP-95, to its Binance Smart Chain (BSC) network. This was announced via a press statement issued by the largest crypto exchange by trading volume recently. Binance proposed BEP-95 upgrade According to the...

Aug 24 2021

Ethereum: Bulls Maintains their Priority as Retail Investors Stack Up

As the Ethereum network journeys fast unto its proposed shift from the Proof- of-Work (PoW) network, to the highly anticipated Proof-of-Stake (PoS) blockchain dubbed Ethereum 2.0, a number of stakeholders in the blockchain ecosystem are positioning to get the best of from the anticipated changes. Just as previously reported, the challenges of the Ethereum network are The post Ethereum: Bulls Maintains their Priority as...

Aug 15 2021

Ethereum Price Slump is Not Deterring Small Bag Holders

Ethereum (ETH), the world’s second largest cryptocurrency by market capitalization is trading at a loss at present, and is down by 3.02% to $3,161.75. While still exchanging hands well above the $3,000 support zone, it is undoubtedly recording a series of higher highs, and lower lows, a trend that can stir an unprecedented price change The post Ethereum Price Slump is Not Deterring...

Aug 11 2021

Is Ethereum’s Gas Fee Improved Now that the London Hardfork is Live?

The cryptocurrency ecosystem was agog when the Ethereum Improvement Protocol (EIP) 1559 went live last week. The EIP 1559 upgrade, also called the London Hardfork introduced a few improvements into the Ethereum blockchain which prior was notably plagued with congestion and high network fees. Prior to the launch of the hardfork, users engage in a The post Is Ethereum’s Gas Fee Improved Now...

Aug 07 2021

Aug 06 2021

Price Analysis: BTC Hits New Monthly High as ETH Faces Major Resistance Point

Aug 06 2021 Published at Coingape under tags  bitcoin eip 1559 ethereum price analysis

The rally that was ignited with the launch of the Ethereum London Hardfork upgrade is yet to cool off. In response to the geared up sentiment as driven by Ethereum (ETH) and its associated tokens with a massive rub-off on Bitcoin (BTC), the global crypto market cap has inched upward by 3.61% to $1.74 trillion. The post Price Analysis: BTC Hits New Monthly...

Aug 05 2021

Ethereum’s London Upgrade is Live; Here’s “WHY” It Could Boost ETH Price

Aug 05 2021 Published at Coingape under tags  altcoin news btcbrl btcbusd btcdai btceur

Ethereum's London Hardfork went live on blocks 12,965,000 bringing 5 key changes to the network. Among these five Ethereum Improvement Proposals (EIP) implemented today, EIP-1559 is certainly the most talked-about upgrade. While there is a common perception that EIP-1559 would reduce gas fees, the reality is it would only stabilize the transaction fee bracket to The post Ethereum's London Upgrade is Live; Here's...

Aug 03 2021

Ethereum (ETH) London Hardfork: 65.6% Ether Nodes are Ready to Sync

Aug 03 2021 Published at Coingape under tags  altcoin news eip 1559 ethaud ethbkrw ethbrl

The much-awaited Ethereum (ETH) London Hardfork is currently underway that promises to bring major improvements in terms of scalability and the growing...

Jul 07 2021

Ethereum (ETH) Shoots 5% As Developer Announces London Hardfork Upgrade Date

Jul 07 2021 Published at Coingape under tags  altcoin news eip 1559 ethaud ethbkrw ethbrl

The world's second-largest cryptocurrency Etheruem (ETH) is up 4.83% in the last 24-hours once again moving past $2300 levels. At press time ETH is trading at $2342 with a market cap of $272 billion. The recent price uptick in ETH comes as developer Tim Beiko announced that the much-awaited Longdon hardfork upgrade to the Ethereum The post Ethereum (ETH) Shoots 5% As Developer...

Jul 05 2021

Ethereum (ETH) Breaks Past $2300 Resistance, Long-Term Outlook Bullish

Jul 05 2021 Published at Coingape under tags  altcoin news eip 1559 ethaud ethbkrw ethbrl

On Sunday, July 4, the world's second-largest cryptocurrency Ethereum (ETH) is showing strong momentum northwards. The Ethereum (ETH) price has moved past its crucial resistance of $2300 for the first time in the last 16 days. With this, ETH's weekly gains have moved to nearly 20% as the crypto struggled under $2000 for quite some The post Ethereum (ETH) Breaks Past $2300 Resistance,...

Jun 09 2021

Ethereum Price Prediction – THIS is why you should consider Buying ETH

Not much has been happening to most cryptocurrencies, and to Ether's price as well. After the past market crash, crypto prices are currently at a very strong consolidation. For Ethereum, everyone is waiting for the EIP 1559 change that should...

Apr 12 2021

Ethereum Price Prediction – Can Ether ever reach 10K?

Ethereum has long been an admired blockchain thanks to its smart-contracts feature. Many industries have risen because of it such as Crypto Lending, Crypto Borrowing, Gaming-based crypto projects, and many others. Although Ethereum should...

Mar 06 2021

Ethereum Fee change – All you Need to know about EIP 1559

Mar 06 2021 Published at CryptoTicker under tags  blockchain crypto eip 1559 eip1559 ethereum

The fees used on the Ethereum blockchain are about to witness a technical and financial overhaul. This change comes with the famous EIP 1559 resource. But what is EIP 1559?...

EIP-1559 Approved For Ethereum’s London Hardfork Despite Miners Reservations

Mar 06 2021 Published at Coingape under tags  altcoin news eip 1559 ethaud ethbkrw ethbrl

Ethereum Improvement Proposal (EIP)- 1559 is officially approved to be included in the upcoming London HardFork this July. The proposal was...

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