I’m WORRIED about Ethereum! Will the London Hard Fork cause a CIVIL WAR? (EIP 1559)

165 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

martinez
Published
Ethereum’s upcoming London Hard Fork in July of 2021 will include an EIP 1559 that has REALLY made miners angry. This will cut directly into their revenue since it will smooth out gas fees and make things more predictable for users, wallets, and dapps. Instead of having an auction system we’ll have an algorithmically controlled base fee and a miner tip that’s optional. If you are an ETH investor and haven’t looked into this upcoming event yet it’s a MUST WATCH because it could affect you as an ETH holder (token burns yay!) AND an ETH user/trader.

Get a 47% on the new OPOLO hardware wallet (our sponsors): https://www.kickstarter.com/projects/opolo-sarl/opolo-secure-crypto-wallet-for-the-eternal-peace-of-mind?ref=bitcoin_for_beginnners

Timestamps:
0:00 Intro
1:02 How upgrades happen (Hard forks)
1:50 Why THIS fork is controversial
3:14 EIP 1559 explained (Base fee, tip, flexible blocks)
4:35 How this affects YOU!
4:52 OPOLO Hardware wallet
5:36 Miners are PISSED (They even made a website)
6:53 What CAN they do? (4 options - should we worry?)
10:10 My VOTE and final prediction

#Ethereum #HardFork #EIP1559 #London #ETH #Cryptocurrency #News #Update
Category
Crypto Wallets
Tags
Be the first to comment