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Major Ethereum upgrade coming: What you need to know

Major Ethereum upgrade coming: What you need to know
The scheduled coding revamp will go live on 4 August.
The upgrade known as Ethereum Improvement Proposal (EIP) 1559 is similar, analysts said, to a bitcoin “halving” event in which periodic adjustments reduced the supply of bitcoin. Each halving helped propel bitcoin’s price to higher records.
While bitcoin is the preferred store of value in the digital ecosystem, Ethereum has emerged as the leading financial infrastructure, settling over US$12-billion of daily transactions, according to a Grayscale report released in February this year.
Andrew Keys, managing partner at DARMA Capital, said ether’s current price has yet to factor in the looming software upgrade. He estimates that the expected software adjustment next week, coupled with another upgrade in the first quarter of 2022, should “easily quintuple the price of ether” by next year. On Thursday, ether was up 0.6% at $2 312. ....

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Ethereum Set to Get a Major Upgrade That Will Alter Supply, Fix Transaction Fees

Ethereum Set to Get a Major Upgrade That Will Alter Supply, Fix Transaction Fees
Ethereum’s coding revamp will go live on August 4.
By Reuters | Updated: 30 July 2021 11:53 IST
Ethereum has emerged as the leading financial infrastructure
Highlights
EIP-1559 is a software upgrade
EIP-1559 changes the mechanism by setting a base fee
Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether token and sharply boost its price.
The scheduled coding revamp will go live on August 4.
The upgrade known as Ethereum Improvement Proposal (EIP) 1559 is similar, analysts said, to a Bitcoin halving event in which periodic adjustments reduced the supply of Bitcoin. Each halving helped propel Bitcoin s price to higher records. Bitcoin price in India stood at Rs. 29.5 lakhs as of 11 ....

Matt Hougan , Bitwise Hougan , Ethereum Improvement Proposal , Bitwise Asset , பிட்வைஸ் சொத்து ,

Major Ethereum upgrade set to alter supply, fix transaction fees

Major Ethereum upgrade set to alter supply, fix transaction fees
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30 Jul 2021 01:45PM
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NEW YORK: Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether token and sharply boost its price.
The scheduled coding revamp will go live on Aug. 4.
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The upgrade known as Ethereum Improvement Proposal (EIP) 1559 is similar, analysts said, to a bitcoin halving event in which periodic adjustments reduced the supply of bitcoin. Each halving helped propel bitcoin s price to higher records. ....

Matt Hougan , Gertrude Chavez Dreyfuss , Dan Grebler , Bitwise Hougan , Alden Bentley , Ethereum Improvement Proposal , Bitwise Asset , க்ர்ட்‌ரூட் சாவேஸ் ட்ரேஃபுஸ் , ஆல்டன் பென்ட்லி , பிட்வைஸ் சொத்து ,

Explainer: Major Ethereum upgrade set to alter supply, fix transaction fees

Explainer: Major Ethereum upgrade set to alter supply, fix transaction fees
By Gertrude Chavez-Dreyfuss
Reuters
NEW YORK (Reuters) - Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether token and sharply boost its price.
The scheduled coding revamp will go live on Aug. 4.
The upgrade known as Ethereum Improvement Proposal (EIP) 1559 is similar, analysts said, to a bitcoin halving event in which periodic adjustments reduced the supply of bitcoin. Each halving helped propel bitcoin s price to higher records.
While bitcoin is the preferred store of value in the digital ecosystem, Ethereum has emerged as the leading financial infrastructure, settling over $12 billion of daily transactions, according to a Grayscale report released in February this year. ....

Matt Hougan , Gertrude Chavez Dreyfuss , Dan Grebler , Bitwise Hougan , Alden Bentley , Major Ethereum , Ethereum Improvement Proposal , Ethereum Upgrade , Bitwise Asset , க்ர்ட்‌ரூட் சாவேஸ் ட்ரேஃபுஸ் , ஆல்டன் பென்ட்லி , பிட்வைஸ் சொத்து ,

EIP: What is this Ethereum upgrade which is set to alter supply?

EIP: What is this Ethereum upgrade which is set to alter supply?
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