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EIP 1559 — ETH 2.0 and the Scarcity of Ethereum

EIP 1559 — ETH 2.0 and the Scarcity of Ethereum

EIP-1559 has sparked wide discussion within the Ethereum community and could be one of the major reasons ETH is starting to gain traction as a hedge against inflation.

EIP 1559 May Not Reduce High Gas Fees on Ethereum, but ETH 2.0 Will – Here’s Why

EIP 1559 May Not Reduce High Gas Fees on Ethereum, but ETH 2.0 Will – Here’s Why

EIP-1559, an Ethereum Improvement Protocol set to launch in July, has been touted as a game-changer that will address the issue of rising gas fees on the network.

Vitalik Buterin Explores Ethereum Protocol Enhancement Strategies

Vitalik Buterin Explores Ethereum Protocol Enhancement Strategies

Ethereum's co-founder, Vitalik Buterin, reflects on Ethereum's protocol enhancement strategies in a recent blog post, weighing the merits of a minimalistic approach versus enshrining more features into the core protocol to address various user needs and system efficiencies. The discussion encompasses account abstraction challenges, the shift towards enshrinement, and the exploration of specific enshrinement targets like ZK-EVMs, proposer-builder separation, private mempools, liquid staking, and precompiles.

Ethereum Improvement Proposal 4844 Implementor Call: Deneb API Versioning, Execution Header Updates, and Devnet 6 Planning

Ethereum Improvement Proposal 4844 Implementor Call: Deneb API Versioning, Execution Header Updates, and Devnet 6 Planning

Terence.eth, a well-known Ethereum Community Developer, shared significant updates following the recent Ethereum Improvement Proposal (EIP) 4844 implementor call.

Burnt Ether Tops 1 Million ETH as Non-Zero Ethereum Addresses Break the Record

Burnt Ether Tops 1 Million ETH as Non-Zero Ethereum Addresses Break the Record

Ethereum has been making notable strides in terms of burnt Ether after crossing the 1 million ETH mark.

Total ETH Burned Tops the 2M Token Benchmark Worth Over $5B

Total ETH Burned Tops the 2M Token Benchmark Worth Over $5B

Since the London Hardfork went live in August last year, the Ethereum network and its underlying token have been operating as a deflationary protocol.

Ethereum Developers Discuss Pectra and Future Upgrades in ACDE Call #189

Ethereum Developers Discuss Pectra and Future Upgrades in ACDE Call #189

Ethereum developers discuss Pectra upgrade scope, EIP 4444, and future governance in ACDE Call #189.

Ethereum (ETH) Developers Discuss EIP 7702 and Pectra Devnet 1 in Latest ACDE Call

Ethereum (ETH) Developers Discuss EIP 7702 and Pectra Devnet 1 in Latest ACDE Call

Ethereum developers met for ACDE Call #190 to discuss updates on EIP 7702, Pectra Devnet 1, and other key projects. The next ACDE call will be chaired by Alex Stokes.

Ethereum Core Developers Set Electra Upgrade, Plan Dencun Activation

Ethereum Core Developers Set Electra Upgrade, Plan Dencun Activation

Ethereum All Core Developers Consensus Call #128 outlines Electra upgrade, Dencun activation, reward adjustments, and light client support enhancements for March 13, 2024, promoting network economics and continuous improvement.

Ethereum is Set to Become Deflationary after the London Hardfork Went Live

Ethereum is Set to Become Deflationary after the London Hardfork Went Live

Ethereum is expected to become deflationary, given that its value is anticipated to continue increasing with time on the foundation of slashed supply prompted by the London Hardfork or EIP 1559 upgrade.

Scroll's 2024 Agenda: Lower Costs, Enhanced Security, and Increased Decentralization

Scroll's 2024 Agenda: Lower Costs, Enhanced Security, and Increased Decentralization

In 2024, Scroll plans to make blockchain technology more accessible, secure, and decentralized. The company will reduce operational costs by 50%, integrate data compression techniques, and implement 4844 data blobs. It will also enhance compatibility with Ethereum Improvement Proposals and SHA256 precompile.

BNB Smart Chain (BSC) Advances with BEP 336: Introducing Blob Transactions for Enhanced Network Performance

BNB Smart Chain (BSC) Advances with BEP 336: Introducing Blob Transactions for Enhanced Network Performance

BNB Smart Chain introduces BEP 336 upgrade, inspired by Ethereum's EIP 4844, to optimize data storage and reduce transaction costs, preparing for a network performance boost.

Retail Accumulation May Account for Why Ethereum Maintained Support at $2000

Retail Accumulation May Account for Why Ethereum Maintained Support at $2000

Ethereum is fighting to maintain support at $2,000. Glassnode has revealed that the addresses holding more than 0.1 Ether have reached a new all-time high today.

Ethereum Leads ahead of Traditional Markets Performance over the Past 30 Days

Ethereum Leads ahead of Traditional Markets Performance over the Past 30 Days

The London Hardfork or EIP 1559 upgrade that got activated in August seems to have boosted Ethereum’s performance in the last 30 days.

Optimism (OP) Prepares for Canyon Hardfork Across Superchain Testnets on November 14

Optimism (OP) Prepares for Canyon Hardfork Across Superchain Testnets on November 14

OP Labs Team announces Canyon hardfork for Superchain testnets, November 14, incorporating Shanghai and Capella updates, bug fixes, and EIP-1559 changes. Node operators must upgrade systems.

Ethereum Mainnet Gears Up for Dencun Upgrade: Lower Fees and Enhanced Efficiency

Ethereum Mainnet Gears Up for Dencun Upgrade: Lower Fees and Enhanced Efficiency

thereum's Dencun mainnet upgrade is set for March 13, 2024, introducing data blobs and protodanksharding to enhance network efficiency and reduce fees.

Burnt Ethereum Edges Closer to a Billion-Dollar Value

Burnt Ethereum Edges Closer to a Billion-Dollar Value

After the London Hardfork or EIP 1559 upgrade went live on August 5, the first-ever deflationary block on the Ethereum network occurred because scarcity was introduced every time Ether was burnt after being used in transactions.

Ethereum All Core Developers Execution Call Number 181 Summary

Ethereum All Core Developers Execution Call Number 181 Summary

Ethereum developers discussed the Dencun upgrade and various EIPs for the Pectra upgrade in the ACDE Call #181, aiming for network improvement and efficiency. Key points include the preparation for Dencun's mainnet activation, proposals for enhanced security and gas cost efficiency, and strategic planning for future upgrades.

Ethereum Devnet 10 Testing Paves Way Towards Mainnet

Ethereum Devnet 10 Testing Paves Way Towards Mainnet

Recent devnet 10 testing on Ethereum revealed a stable network under normal conditions, although some bugs were identified. Stress-testing exhibited increased CPU and RAM usage on some clients. The conversation around forking timelines for testnets and transitioning to mainnet was initiated, with more discussions to follow in the upcoming ACDC meeting on November 9.

VanEck Pledges 10% of Ethereum ETF Profits to Protocol Guild

VanEck Pledges 10% of Ethereum ETF Profits to Protocol Guild

VanEck has announced a 10-year commitment to donate 10% of its Ethereum ETF profits to Protocol Guild, supporting Ethereum's core protocol development. This pledge precedes the anticipated launch of the EFUT ETF, set to bolster mainstream Ethereum adoption.

Burnt Ether Tops $2B as Ethereum 2.0 Deposit Contract Continues to Grow

Burnt Ether Tops $2B as Ethereum 2.0 Deposit Contract Continues to Grow

Burnt Ether stands at 608,567 ETH worth $2.089 billion since the London Hardfork or EIP 1559 upgrade went live on August 5.

Starknet v0.13.1 Launch: Embracing EIP-4844 for Lower Costs and Enhanced Stability

Starknet v0.13.1 Launch: Embracing EIP-4844 for Lower Costs and Enhanced Stability

Starknet v0.13.1 upgrades Ethereum data storage costs, offers lower transaction fees, and improves stability and user experience, potentially boosting adoption and advancing Starknet's evolution.

Ethereum's ACDE 171 Paves Way for Devnet Launches and Private ETH Transfers

Ethereum's ACDE 171 Paves Way for Devnet Launches and Private ETH Transfers

The Ethereum developer community discussed various updates in the 171st ACDE meeting held on September 28, 2023. Key topics included the launch of Dencun devnets, EIP-4788 contract bytecode audits, the re-launch of Holesky, a new proposal for private ETH transfers (EIP-7503), and a small amendment to EIP-6780 concerning the SELFDESTRUCT operation. These discussions indicate a proactive approach towards enhancing Ethereum's network ahead of the next ACDE meeting on October 12.

Ethereum's Average Gas Fees Hit a 3-Month Low

Ethereum's Average Gas Fees Hit a 3-Month Low

The average gas fees on Ethereum have hit a 3-month low, below $10.

Ethereum’s Transaction Volume Scales the Heights by Topping 2.14B ETH in 2021

Ethereum’s Transaction Volume Scales the Heights by Topping 2.14B ETH in 2021

With an annual return rate of 399.2%, Ethereum (ETH) has scaled the heights in 2021 thanks to increased adoption and notable upgrades like the London Hard Fork.

Ethereum is Burning at the Rate of 6.29 ETH per Minute

Ethereum is Burning at the Rate of 6.29 ETH per Minute

Burnt Ether is edging closer to the 1.2 million ETH mark, given that it's burning at a rate of 6.29 ETH, approximately $24,361, per minute.

Optimism (OP) Ecotone Upgrade Set to Enhance Scaling on March 14

Optimism (OP) Ecotone Upgrade Set to Enhance Scaling on March 14

Optimism announces the Ecotone upgrade, integrating EIP-4844 to enhance scaling, scheduled for March 14 pending governance approval

London Hard Fork Saved Ethereum Users $844m in Transaction Fees via Base Fee Refunds

London Hard Fork Saved Ethereum Users $844m in Transaction Fees via Base Fee Refunds

Since going live on August 5, the London Hard Fork or EIP 1559 upgrade sought to make the Ethereum network deflationary by injecting a scarcity parameter.

Polygon 2.0 Takes Major Step with POL Contracts on Goerli Testnet

Polygon 2.0 Takes Major Step with POL Contracts on Goerli Testnet

Polygon is closing in on the launch of its 2.0 version with the deployment of POL contracts on the Goerli testnet. This significant development is a result of community consultations and the introduction of two new Polygon Improvement Proposals (PIPs), PIP-24 and PIP-25. These PIPs aim to modify the EIP-1559 burn system and adjust the POL token supply.

Ethereum's Pectra Upgrade to Enhance Wallet Functionality and User Experience

Ethereum's Pectra Upgrade to Enhance Wallet Functionality and User Experience

Ethereum's Pectra upgrade, expected in late 2024 or early 2025, will enhance crypto wallets' user experience and functionality, enabling smart contracts and sponsored transactions, but posing security concerns.

Ethereum developers chose eight updates for Shanghai

Ethereum developers chose eight updates for Shanghai

The Shanghai update comes after the Merge and proof-of-stake consensus. Beacon Chain staked ETH will be unlocked, permitting withdrawals. Shanghai testnet launched Oct. 18.

ETH Price Sees Revival as Ethereum 2.0 Deposits Surpass $9 Billion

ETH Price Sees Revival as Ethereum 2.0 Deposits Surpass $9 Billion

Ethereum 2.0 deposits just went above $9 billion as ETH is seeing impressive price corrections from last week's dip.

China’s Petrochemical Sector Conducts First Blockchain-Powered Warehouse Receipt Finance

China’s Petrochemical Sector Conducts First Blockchain-Powered Warehouse Receipt Finance

China’s petrochemical industry has accomplished the first-ever blockchain-enabled digital warehouse receipt pledge financing transaction to minimize costs.

Vitalik Buterin Highlights Polymarket's Prediction on Ethereum's Gas Fee Reduction

Vitalik Buterin Highlights Polymarket's Prediction on Ethereum's Gas Fee Reduction

Vitalik Buterin draws attention to predictions of lowered Ethereum gas fees post-EIP-4844, with market speculation suggesting major cost cuts.

Mantle (MNT) Network Launches Mainnet v2 Tectonic

Mantle (MNT) Network Launches Mainnet v2 Tectonic

Mantle Network has completed its Mainnet v2 Tectonic upgrade, delivering low gas fees and enhanced EVM interoperability.

Ethereum To Become a Deflationary Asset and See Its Supply Reduced with Proposed EIP 1559 Upgrade

Ethereum To Become a Deflationary Asset and See Its Supply Reduced with Proposed EIP 1559 Upgrade

Ethereum has a planned upgrade for July through which its cryptocurrency supply will be reduced. This is bullish for the price of ETH.

Ethereum Has Broken Its Resistance Level of $1,682 as EIP 1559 Update Anticipated - What's Next?

Ethereum Has Broken Its Resistance Level of $1,682 as EIP 1559 Update Anticipated - What's Next?

The price of Ethereum (ETH) has risen, breaking through the resistance levels of $1,500 and $1,600 successfully. In the short term, it needs to break above $1,682 to continue its uptrend.

Ethereum to Overtake Bitcoin as the More Attractive Asset with ETH 2.0 and EIP 1559 Rollout - Messari

Ethereum to Overtake Bitcoin as the More Attractive Asset with ETH 2.0 and EIP 1559 Rollout - Messari

Messari lead crypto researcher Ryan Watkins seems to think that in the long-term, Ethereum may appreciate more than Bitcoin (BTC).

Total Ether Deposits in Ethereum 2.0 Hits New ATH as Interest in Proof-of-Stake Model Rises

Total Ether Deposits in Ethereum 2.0 Hits New ATH as Interest in Proof-of-Stake Model Rises

The total number of Ethereum deposits in ETH 2.0 continues to climb as it recently set a new all-time high.

Vitalik Buterin Explains What’s Next for Ethereum after the ETH 2.0 Beacon Chain Launch

Vitalik Buterin Explains What’s Next for Ethereum after the ETH 2.0 Beacon Chain Launch

Ethereum 2.0 Phase 0, also known as the blockchain’s Beacon chain, was launched on Dec. 1. What's next for Ethereum after the launch?

Ethereum Battles Resistance as Exchange Inflow Volume Drops

Ethereum Battles Resistance as Exchange Inflow Volume Drops

On-chain metrics Glassnode reveals that Ethereum exchange inflow volume (7d MA) just reached a 1-month low of 15,477.056 ETH.

Ethereum’s Sideways Consolidation to Continue as Indicator Shows ETH is Currently Undervalued

Ethereum’s Sideways Consolidation to Continue as Indicator Shows ETH is Currently Undervalued

Market analyst Michael van de Poppe has noted that ETH’s sideways consolidation will continue until a "bottoming construction"comes up.

Ethereum Price Gains 45% in 24 hours, What’s Driving the ETH Price Rally?

Ethereum Price Gains 45% in 24 hours, What’s Driving the ETH Price Rally?

The Ethereum price has made its largest single-day price gain in the crypto’s history, surging 45% in the last 24 hours, but what is behind the ETH price rally?

Ethereum Price Could Surge as OCC Permits US Banks to Run Nodes For Stablecoins

Ethereum Price Could Surge as OCC Permits US Banks to Run Nodes For Stablecoins

A recent announcement by the Office of the Comptroller of the Currency (OCC) has provided a mainstream catalyst that could see the ETH price rally to new all-time highs.

Ethereum's Vitalik Buterin Concerned About Security Risks That Come With High ETH Transaction Fees

Ethereum's Vitalik Buterin Concerned About Security Risks That Come With High ETH Transaction Fees

By now, it is no secret that Ethereum co-founder Vitalik Buterin and his team are busy perfecting Ethereum 2.0 and preparing it for its official launch.

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