⭐️[London Hard Fork Completed] ETH Rallies Past $2,800

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⭐️[London Hard Fork Completed] ETH Rallies Past $2,800

💪ETH Exclusive Gains at 2.7X

💪ETH Exclusive Gains at 2.7X

ETH Rockets Following London Hard Fork

The highly anticipated London Hard Fork is now live with EIP-1559 having currently burned nearly 3,800 ETH in base fees worth $10.5M at a rate of 2.45 ETH/minute.

ETH rapidly climbed past $2,800 following the update, giving subscribers to our special ETH Exclusive 2.7X with the discounted subscription price at just $1,015.

🚀 Here are some of the key changes brought about by EIP-1559

  • Removing the first-price auction and replacing it with a much more predictable BASEFEE, a minimum gas fee for transactions that is algorithmically adjusted depending on block space availability.
  • The ability to set a FEE CAP, the maximum fee that a user is willing to pay for a transaction.
  • The difference between the FEE CAP and actual BASEFEE will be refunded to the user to nullify the effects of overshooting gas fees.
  • Adding priority fee, an optional miner tip.

Prior to EIP-1559, Ether was issuing 4.5% annually without a fixed supply and rewarding miners with 2 ETH in block rewards.

With the implementation of EIP-1559 and increasing adoption of the network leading to an increasing amount of ETH burned, an estimated 150 gwei base fee is projected to transform the top alt into a fully deflationary asset.

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