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ETH · 3w

EIP-1559 is green-lit for July. Here's are the main changes:

>1. The overall objective is to improve Ethereum's transaction fee model >2. Under this change, a base transaction fee would be introduced >3. The base transaction fee will be burned This will result in two things: >1. Transactions fees will see significant improvements >2. Supply of ETHs will go down Important point: The price of ETH will skyrocket with decreased supply of ETHs and also base transaction fees.
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