CryptoCurrency

How will the Ethereum Ecosystem react to Fee Burning?

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This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points.
More importantly, we are excited to announce the release of CoinDesk Research’s Q3 Quarterly Review, containing data-driven analysis on Bitcoin, Ethereum, DeFi and NFTs.
I found out that EIP 1559 was far more complicated than I had thought. CoinDesk columnist Nic Carter had pointed out that EIP 1559′s design changes are “inherently political’ and that they pit blockscape consumers, token holders and miners against each other. While this could be true on a case-by-case basis, I don’t believe it captures the overall sentiment of any class of Ethereum stakeholders.

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