The EIP-1559 upgrade is now live on Polygon, bringing fee burning and “improved fee visibility” to the network.
Folks, #EIP1559 is a few hours away from going live on the #Polygon mainnet.
The highly-anticipated upgrade brings $MATIC burn and improved fee visibility.
Find out more: https://t.co/7fRxSZIrdv
— Polygon | $MATIC (@0xPolygon) January 17, 2022
Polygon intends to provide a more scalable and useable Ethereum service. But in recent times, just like Ethereum, its gas fees have become problematic.
EIP-1559 rolled out on Ethereum in August 2021 and was touted as the fix for spiraling gas fees. However, EIP-1559 didn’t significantly lower gas prices, even seeing a massive price spike just after implementation.
Today, the average transaction cost to use Ethereum comes in at a hefty $33, down 37% from the January 10 YTD high of $52.46.
With that, is there sufficient justification to implement EIP 1559 on Polygon?
Gas fees go wild
Rising Polygon gas fees first became a probl
We współpracy z: https://cryptoslate.com/what-does-the-eip-1159-upgrade-mean-for-polygon/
