{"id":196908,"date":"2021-08-17T03:00:07","date_gmt":"2021-08-17T02:00:07","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=196908"},"modified":"2021-08-16T16:47:34","modified_gmt":"2021-08-16T15:47:34","slug":"ethereum-eth-onchain-capacity-increased-9-after-eip-1559-rollout","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ethereum-eth-onchain-capacity-increased-9-after-eip-1559-rollout\/","title":{"rendered":"Ethereum (ETH) onchain capacity increased 9% after EIP-1559 rollout"},"content":{"rendered":"

While Ethereum (<\/span>ETH<\/span><\/a>) co-founder <\/span>Vitalik Buterin<\/span><\/a> explains how the long awaited network upgrade affected the chain capacity, the crypto community continues raising the high gas fees question.<\/span><\/p>\n

The London hard fork, which included the <\/span>EIP-1559<\/span><\/a> upgrade, a reductive measure set to reign in Ethereum\u2019s supply growth, went live on August 5 and boosted the price of crypto, which rallied 73.5% during the past 30 days.\u00a0<\/span><\/p>\n

Ethereum chain capacity<\/strong><\/h2>\n

According to Buterin, Ethereum post-London chain capacity has increased 9%, due to\u00a0<\/span>three equally contributing causes.\u00a0<\/span><\/p>\n

\u201cTurns out the effect is evenly split between three causes: (i) ice age delay, (ii) not-always-full pre-London blocks, (iii) mathematical artefacts of EIP 1559 formula,\u201d said Buterin in a tweet, while sharing the \u201cfun analysis\u201d facts.\u00a0<\/span><\/p>\n

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Another fun analysis: why is post-London chain capacity ~9% higher than it was before?<\/p>\n

Turns out the effect is evenly split between three causes: (i) ice age delay, (ii) not-always-full pre-London blocks, (iii) mathematical artefacts of EIP 1559 formula.https:\/\/t.co\/xYmmDkVFmY<\/a><\/p>\n

— vitalik.eth (@VitalikButerin) August 15, 2021<\/a><\/p><\/blockquote>\n