When is EIP 1559?Developer Tim Beiko has been hard at work on the EIP, but there is still a lot of testing to be done before it can be deployed to mainnet. In his latest update, Beiko stated that there were no new major objections to the proposal.
However, he added that the bad news is the denial of service risks on Ethereum is still a major concern that needs to be addressed before deployment. The 1559 Clique testnet is still running with Basu and Nethermind clients, while Vulcanize is working on a consensus issue. He added that the “biggest win” was getting the specification for the proposal simplified by streamlining transactions.
The update covers a lot of what I've been sharing here over the past few weeks. First up, the EIP-1559 discussion on AllCoreDevs: https://t.co/AqmTNnycIM— Tim Beiko | timbeiko.eth (@TimBeiko) October 15, 2020
More Work to DoA community outreach report was also published last week and one of the key findings was:
“The main benefits that projects see with EIP-1559 are the predictability of gas prices, especially for projects who set them for their users, and the fact that ETH is burnt in each transaction.”Beiko has also setup a “mainnet readiness checklist,” which shows all of the major things that need to be ticked off before deployment can occur. In the meantime, Layer 2 is emerging as the go-to solution for faster and cheaper Ethereum transactions.
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