Ethereum & Other Altcoins Are All A "Pyramid Scheme" - Max Keiser.
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Ethereum London Hard Fork Scheduled To Launch On 4th Aug.
2021-07-07 | Eddy Morgan
The protocol update embodies five EIPs [Ethereum Improvement Proposals], most notably EIP 1559 and EIP 3554, that aim to counter various inefficiencies:
EIP 1559 introduces a new fee structure to form Ethereum less inflationary. This protocol change is very controversial as it aims to burn a part of the fees, hence decreasing miner revenue.
EIP 3554 delays Ethereum’s difficulty bomb to 1st December. This mechanism will incrementally hike the problem of mining on the Ethereum network, effectively “freezing” PoW [Proof-of-Work] in preparation for Ethereum’s shift to PoS [Proof-of-Stake].
