BTC
$37087

0.00%

BTC
URL bitcoin.org
$ 37087
Market Value $ 7,788.27 million
Change 0.00%
power 591.39 EH/s
Daily output 0.00000150 BTC / T
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+343.69%
DCR
$15.1057

0.00%

DCR
URL decred.org
$ 15.1057
Market Value $ 3.17 million
Change 0.00%
power 10.06 TH/s
Daily output 0.21580310 DCR / G
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-98.53%
LTC
$74.39

+0.03%

LTC
URL litecoin.com
$ 74.39
Market Value $ 62.49 million
Change +0.03%
power 987.69 TH/s
Daily output 0.00000352 LTC / M
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+88.56%
BCH
$236

0.00%

BCH
URL bitcoincash.org
$ 236
Market Value $ 49.56 million
Change 0.00%
power 5.05 EH/s
Daily output 0.00019800 BCH / T
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-39.38%
ZEC
$30.89

-0.03%

ZEC
URL z.cash
$ 30.89
Market Value $ 6.49 million
Change -0.03%
power 9.30 GH/s
Daily output 0.00032557 ZEC / K
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+54.49%
DASH
$33.55

+0.06%

DASH
URL dash.org
$ 33.55
Market Value $ 6.34 million
Change +0.06%
power 1.42 PH/s
Daily output 0.00009727 DASH / G
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-75.09%
ETC
$20.0015

+0.03%

ETC
$ 20.0015
Market Value $ 42.14 million
Change +0.03%
power 165.57 TH/s
Daily output 0.00009573 ETC / M
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-8.57%

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Your Location: Home > News > Details

Ethereum "London" upgrade is officially completed, most user transactions have not yet adopted the new model

2021-08-06 17:31

On the evening of August 5, with a block height of 12,965,000, the Ethereum network, one of the world's largest public chains, completed the hard fork upgrade codenamed "London". This upgrade involves five proposals: EIP-1559, EIP-3198, EIP-3529, EIP-3541 and EIP-3554. Among them, EIP-1559, which involves Ethereum transaction gas fees, has attracted the most attention.

Ethereum Improvement Proposal 1559 (EIP-1559) will directly affect the way the network handles transaction fees. The Ethereum community has had a huge controversy around the EIP-1559 proposal. Since the EIP1559 proposal directly involves the transfer fee of Ethereum, it touches the direct interests of miners and users in the Ethereum network, and the two sides have a huge disagreement.

After the upgrade is completed, each transaction will consume a basic fee, thereby reducing the circulation supply of the asset, and giving users the option to pay miners tips to help incentivize faster confirmations commensurate with network needs. The market expects that the cryptocurrency Ethereum will enter a "deflationary" phase.

In the morning of August 6, cryptocurrencies rose slightly. Bitcoin once again exceeded the $40,000 mark, a 24-hour increase of 2.68%, and Ethereum broke $2,800, a 24-hour increase of 3.66%.

After the London upgrade is completed, the Ethereum main network is still backward compatible with the old transaction format. The Gas price in the old transaction format will automatically be converted to the "basic fee + tip" format. The remaining gas price will be used as the basic fee after paying the basic fee. Tips are paid to miners, whether or not so many tips are required, so the fees paid by the old model may be higher.

Surprisingly, however, nansen data shows that the average proportion of transactions using the EIP1559 miner fee model in the current Ethereum network transactions does not exceed 5%, which indicates that most of the current user transactions have not yet adopted the EIP1559 miner fee model.

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