Major Ethereum gas fee overhaul EIP-1559 scheduled for July

Cointelegraph

Published Mar 05, 2021 12:22PM ET

Updated Mar 06, 2021 02:20PM ET

A hotly awaited upgrade to the Ethereum network that may result in ETH becoming a deflationary asset is now scheduled for the “London” hard fork in July.

Ethereum lead developer Tim Beiko previously teased that the decision would be made today two weeks ago, and proposed the inclusion on the Core Developers call today. There were no verbal objections.

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