In today’s letter: 💰Ethereum in front of Altair update Earlier this year Ethereum went through one of the most exciting updates. EIP-1559, which came into effect in August, made ETH a deflationary asset. The transaction fees used to go to the miners as a reward for their transaction verification but after the latest update, they are burnt. Now it is time for the next update Altair, which will come alive on October 27.
Daily Crypto Update 10/23/21
Daily Crypto Update 10/23/21
Daily Crypto Update 10/23/21
In today’s letter: 💰Ethereum in front of Altair update Earlier this year Ethereum went through one of the most exciting updates. EIP-1559, which came into effect in August, made ETH a deflationary asset. The transaction fees used to go to the miners as a reward for their transaction verification but after the latest update, they are burnt. Now it is time for the next update Altair, which will come alive on October 27.