Quote from: onecall123 on Today at 02:22:04 PM

Quote from: epis11 on Today at 01:21:35 PM

Wow finally the most anticipated eip1559 already live at block 12,965,000 Congrats to eth developers salute to all of you for making this happen you can see on the sites below the eth already burned stats

EIP-1559 base fee and burn dashboards
https://ethburned.info
https://etherchain.org/burn
https://watchtheburn.com
https://ultrasound.money

Everything is done. ETH's London upgrade just took place - including EIP-1559. The Ethereum blockchain may split into two chains, resulting in the creation of two ETH tokens. All of Ethereum's community members deserve congratulations.

It's exciting! What will happen now? Since the ETH gas fee is ridiculously high, how is this supposed to solve anything?

Gas fees before the fork: 8 gwei. Gas fees after the fork 82 gwei. Grin

That was the biggest mystery nobody of the devs could explain. They claimed that the high gas fees are caused by malicious miners who somehow caused a conjestion on the blockchain. The number of transactions caused by the increasing price or usdt or defi has nothing to do I guess (this is a sarcasm of course). All this is only a dust in the face of the average Joes who doesn't understand how the blockchain works. Then they came to the "brilliant" idea if they burn the gas fees, the miners will magically free the blockchain and thus the gas fees get lower. Now the only thing they achieved is to lower the minig profit with 20% hoping this will reduce the inflow to exchanges. Which is ridiculous of course. The miners will have to pay for the electricity and if the price is good to take profits. But the bigger problem is that with the POS, which is a blockchain variant of banking deposits, ethereum will get more centralized and declared as a security in USA. And this means more regulations and even bans like the ICOs.