Ethereum developers: EIP-1559 is almost ready, or will be launched this summer
Rhythm BlockBeats news, on January 12, according to TrustNodes, Ethereum developer Tim Beiko said that the Ethereum improvement proposal EIP-1559 is almost ready (Just a few weeks away), now only needs to be tested for block size, and it is expected to be launched probably this summer.
Beiko said that the proposal has been implemented in the Besu, Geth and Nethermind clients, while the OpenEthereum client has not yet started, and another developer, Abdelhamid Bakhta, said: "The economic analysis has been completed and we have eliminated all risks."
It is understood that EIP-1559 attempts to reduce transaction costs by introducing a fixed fee and burning mechanism. The improvement proposal, first proposed by Vitalik in 2018, is expected to make the fee market on the ethereum blockchain more predictable and alleviate congestion.
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