BIG Ethereum Upgrade Soon! Staking? NO!! It’s Burning!!!
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Ethereum has been surging against Bitcoin because the protocol is getting a MAJOR upgrade! Staking? No. It’s the Burning Mechanism from EIP 1559. The implications of the protocol upgrade are far reaching, because it changes the Ethereum gas markets, including the creation of burned base fees & miner tips! When is this coming & will it push Ethereum to new market heights? Tune in to find out!
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⏰ Time Stamps ⏰
00:08-Intro-Chris Farley Knew the Problem
01:04 No Diving into America’s Fall from Grace
01:18 Ethereum Takes off like a Rocket! My Short Gets Rekt?
02:11 The Good News Floods Ethereum
02:38 EIP 1559 the Major Upgrade
02:54 Ethereum’s Current Fee Model
03:47 How the First Price Virtual Auctions Works & The Flaws
04:27 Users of Ethereum Have Been Overpaying
04:51 Leveling the Fee Market: How it’s Done…
06:04 The Benefits for Users, Wallets & dAPPs
06:20 Burning the Base Fee & Ethereum Scarcity
07:06 How Will this Benefit Miners & Proof of Stake Validators? Miner Tips
08:16 Benefiting Everyone As a Whole
08:44 When Will EIP 1559 Release?
09:16 Stick to the Basics. No Oppty Oops!
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