Filecoin tests pave way for Ethereum fee restructure

Cointelegraph

Published Aug 26, 2020 10:48PM ET

Updated Aug 27, 2020 12:20AM ET

A long anticipated Ethereum Improvement Proposal (EIP) which aims to tackle high network fees is currently being tested on the Filecoin network.

A proposal to change Ethereum’s fee structure has been in the pipeline since first being suggested in April 2019. A surge in network fees in recent months has brought the spotlight back on to EIP 1559, and it is being trialled on the digital storage platform Filecoin.

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