The Ethereum network has time and again made its way onto the headlines of several news portals following the numerous complaints regarding its high gas fees. The network’s gas fees during Feb even hit a yearly high, however, at present, the rates were seen coming down but it was high compared to other networks. While the Binance network emerged as an Ethereum killer, an array of other networks also tried to overhaul Ethereum.
Vitalik Buterin, the founder of the Ethereum network, and several others part of the network have tried to introduce EIP-1559 to make sure the gas fees are in control. But, the miners and mining pools have been condemning this inclusion. The latest Ethereum All Core Devs call had good news for those drained by the high transaction fee of the network.
Ethereum’s EIP-1559 Faces No Vocal Disapproval
Tim Beiko, the lead developer of the Ethereum network recently took over the job of preceding the core developers’ call from Hudson Jameson. In the most recent call, Beiko put forth EIP-1559 and received no vocal objections. Therefore, the devs decided to include the EIP in the London hard fork, which is scheduled for July 2021.
Elaborating on the same, Beiko penned down the things to be done before the actual implementation. The post read.
“That being said, there is still a lot of work to do between now and then: all clients need to finish their implementations against the latest spec, reference tests needs to be written, adjacent EIPs for JSON RPC endpoints need to be created, etc. At this point, though, the work on 1559 moves from being a “working group side effort” to becoming part of the “AllCoreDevs process”.”
Even though it seems like EIP-1559 was onboarded by the devs, the miners have condemned this inclusion in the past. While there aren’t any assertive objections as of yet, the miners might revolt in the future which could further lead to another hard fork, the community speculated.