Quote from: BIN-BIN on August 05, 2021, 01:44:04 PM

As developers keep improving the ethereum blockchain, even though previous ethereum hard forks failed to solve the problem of high fees in the ethereum blockchain.

But with the new London fork proposal 1559 which will offer a new fee system that burned all transactions fees instead of miners determining the fees, this will remove more ethereum from circulation causing demand to rise because of scarcity which will ultimately lead to an increase in price and fewer transactions on the ethereum network.

What are your expectations from this and how it will affect the overall ethereum ecosystem?

People's expectations are actually very simple, everyone wants ethereum to solve such a high gas problem, to be able to adapt to today's demand, this factor is inseparable from the main problem we often hear.

However, ethereum is very unlikely to not use people to transact at this time, moreover the demand for ethereum is increasing and causing shortages, so that price increases are the next option that makes people think more about using transactions.