Quote from: cryptoknows on Today at 09:51:39 AM

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?

Don't you think the event paradox? The price will definitely rise, and with the rise in prices and the congestion of the ethereum network, the gas will not fall below 40-50, this is obvious, and if the rate falls, the amount of gas will be much higher. These are all Two sides of the same coin. Only cross-chain projects such as Solana, DOT, Near will help the ETH ecosystem. With the help of their technologies, the throughput of the eth ecosystem will grow, as well as the ecosystem of ETH and similar related projects will grow.

That might be true. Solana and Polkadot are some good blockchains with interoperability and their ecosystem might act as a catalyst for Ethereum network.
Even I think that these blockchains will co-exist and will probably help each other to create a vast global network with growing number of usecases.