Ethereum: EIP-1559 launch date by melbourneswest

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hive-167922 · @melbourneswest · Mar 6 '21 (edited)

$6.65

Ethereum: EIP-1559 launch date

![Untitled design-83.png](https://files.peakd.com/file/peakd-hive/melbourneswest/AJoDLnmjwXdfSNQ92TqfWRPrc6d7Yq3gshW2Lx8q2f7xX5iDdq21p5ypiR5Egkc.png)


[ETHEREUM CORE DEVS MEETING](https://m.youtube.com/watch?v=xWfR-WxjmYg)

- Ethereum EIP-1559 to launch July 2021
- GAS fees get a major cut securing the network 
- Ethereum Miners in uproar as earnings dramatically slashed. 

![Untitled design83.png](2)

## **Ethereum EIP-1559 nears launch**

It's been the biggest news on the Block Chain since the launch of Bitcoin and one many have been waiting for. 

But EIP-1559 hasn't been an easy development to roll out requiring 32 Ethereum to be staked to run a node it was one of the more costly stakes on the network. 

However, the anticipated launch has captivated the entire block chain who want to know when and what if any impacts it will have on the Ethereum network and the cost of GAS. 

Miners have launched campaigns to prevent the change as mining revenue exceeded $600m in the month of February. A 51% attack is a risk to the current network as is a hard fork which Ethereum is hopeful of preventing with the implementation of it's *Ice Age Bomb* which is a delay to it's incremental hash power difficulty. 

Nothing's for certain on what the future holds and if miners will launch 51% attacks or a hard fork but time will tell. But one thing is for certain on a dev and investor level EIP-1559 is needed or Ethereum may succumb to chains like Polkadot

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@melbourneswest/ethereum-eip-1559-launch-date)

👍 leo.voter, ripperone, fuerza-hispana, jim888, talentclub, birdwatcher, organduo, adalger, daveks, tht1, lbi-token, khaleelkazi, j85063, purefood, juancar347, swelker101, trenz, laputis, chasmic-cosm, qwerrie, roleerob, tin.aung.soe, leofinance, steem-on-2020, jeanlucsr, uwelang, teamaustralia, leoline, sharkleo, sayee, fatman, dojeda, zeleiracordero, bnk, gadrian, hive-108278, treodecimo, tresor, warpedpoetic, torkot, decomoescribir, actioncats, engrsayful, vallone, mrsbozz, snoochieboochies, kennyroy, babytarazkp, amart29, medusamythology, r0nd0n, untersatz, jmsansan.leo, jacuzzi, evagavilan2, travelwritemoney, hashkings, marlyncabrera, beehivetrader, rollsman1, dresden, megavest, risckylu, dickturpin, and 169 others

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@jfang003 · Mar 6 '21

> requiring 32 Ethereum to be staked to run a node

The cost of 32 ETH is too high for my taste. I guess only whales would be able to participate at these prices. I personally do not see this going well for the ETH chain. Since whales are the ones running the nodes, all they gotta do is crush each whale and then ETH will be down for good. There are only so many whales and they can track to some extent who the whales are since everything is public.

> Ethereum Miners in uproar as earnings dramatically slashed

Well they are making money off everyone else's money. I know they are doing work on the chain but when the fees surpass the profit from the transaction, it's ridiculous. 

!WINE



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-melbourneswest-cphzn)

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@melbourneswest · Mar 6 '21

!WINE

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@melbourneswest/re-jfang003-5co6cq)

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@wine.bot · Mar 6 '21

<center>
<sup>Congratulations, @melbourneswest You Successfully Shared <b>0.100 WINE</b> With @jfang003.</sup>
<sup>You Earned <b>0.100 WINE</b> As Curation Reward.</sup>
<sup>You Utilized <b>1/3</b> Successful Calls.</sup>

<img src="https://files.peakd.com/file/peakd-hive/theguruasia/xUzavzNY-Wine5Greeting.png" alt="wine-greeting">
<sup>Total Purchase : <b>23477.534 WINE</b> & Last Price : <b>0.290 HIVE</b></sup>
<sup><b>[HURRY UP & GET YOUR SPOT IN WINE INITIAL TOKEN OFFERING -ITO-](https://wine-ico.github.io/)</b></sup>
---
<sup>[WINE Current Market Price](https://hive-engine.com/?p=market&t=WINE) : <b>0.500 HIVE</b></sup>
</center>

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@melbourneswest · Mar 6 '21

Yup I totally understand that, it's what got me out of Ethereum. I'm watching closely at the changes but I don't know if it will recover  

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@melbourneswest/re-jfang003-jcmhv)

👍 jfang003

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@wine.bot · Mar 6 '21

<center>
<sup>Congratulations, @jfang003 You Successfully Shared <b>0.100 WINE</b> With @melbourneswest.</sup>
<sup>You Earned <b>0.100 WINE</b> As Curation Reward.</sup>
<sup>You Utilized <b>1/1</b> Successful Calls.</sup>

<img src="https://files.peakd.com/file/peakd-hive/theguruasia/xUzavzNY-Wine5Greeting.png" alt="wine-greeting">
<sup>Total Purchase : <b>23477.534 WINE</b> & Last Price : <b>0.290 HIVE</b></sup>
<sup><b>[HURRY UP & GET YOUR SPOT IN WINE INITIAL TOKEN OFFERING -ITO-](https://wine-ico.github.io/)</b></sup>
---
<sup>[WINE Current Market Price](https://hive-engine.com/?p=market&t=WINE) : <b>0.500 HIVE</b></sup>
</center>

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