An August 5 Ethereum upgrade, known as the London hard fork, will bring a major change in the form of EIP-1559—a code change that begins to remove some ETH from circulation.
In theory, that will have an effect on Ethereum’s price. But what—and when?
EIP-1559 will change how transaction fees work. Though the details are complicated, the upshot is that anyone who makes a transaction on the network will now pay a base fee that will be burned instead of going to Ethereum miners. Burning, in this sense, means to take coins out of circulation by essentially sending them to an address that no one has the keys for.
Reducing ETH supply places „deflationary pressure” on the Ethereum network. Though new coins are still being created with each block added to the chain, a little bit of ETH is also disappearing. Deflationary pressure theoretically squeezes prices upward because the growth of supply is slowing.
To be clear, the ETH supply isn’t necessarily being reduced—the rate at whi
Źródło: https://decrypt.co/77511/how-will-eip-1559-ethereum-triple-halving-affect-eth-price
