Ethereum is becoming ultrasound money, ConsenSys founder says

Cointelegraph

Published Aug 05, 2021 02:51AM ET

Updated Aug 05, 2021 04:40AM ET

ConsenSys founder and Ethereum (ETH) co-founder Joseph Lubin has implied that Ethereum is transitioning to “ultrasound money” status ahead of the London hard fork slated to activate around 12:30 pm UTC Aug. 5.

During an interview with Bloomberg TV, Lubin was questioned on the imminent EIP-1559 upgrade, which will see Ethereum transition away from a bidding-based fee market to a fixed price and burn mechanism.

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