In this episode of the BeInCrypto video news show, Jessica Walker addresses the Ethereum Improvement Proposal (EIP) 1559, an upgrade to lower gas prices. Will the upgrade enable ETH to recover its prominence in the Decentralized Finance (DeFi) space as Binance Smart Chain gains in popularity?
On Feb. 22, Predictions Global founder and Ethereum developer Ryan Berckmans tweeted that the ‘London’ hard fork could launch in July.
SponsoredEIP-1559 has become the most anticipated upgrade since ETH 2.0 was launched on Dec. 1, 2020. Its purpose is to lower gas prices, which have strained the network in recent months.
