Ethereum update | EIP 1559 | Date of update

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Published Jul 24, 2021

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Hello Friends
Under the current fee market, transactions on Ethereum often end up pending for a long time. Because blocks are always full, each new block is filled with the highest paying transactions since the last block. If a transaction is not immediately included (usually requiring a very high gas price), it is hard to estimate when it will be included.

Under EIP-1559, blocks can be up to “200% full”, meaning that if the gas limit is set to, say, 12.5m gas, blocks up to 25m gas will be valid. Blocks will also include the minimum price required for transactions to be included in them,

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