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❕NEWS Expected EIP 1559 Update On Ethereum

aryan4

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The EIP-1559 update, which aims to resolve the transaction fee issue in Ethereum, has approached. In short, the EIP-1599 update aims to solve the bottlenecks in the Ethereum network and the massive increases in transaction fees during periods of relative increase in network congestion. Tim Beiko, president of All Core Devs (ACD), also confirmed that the EIP-1559 update is nearly complete.
Do you think that with this update, will the fees in ETH transactions decrease significantly?
 
As an ETH investor, I am very curious about what they can do to reduce high fees. I hope this problem that has been going on for years will be solved now.
 

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