The London Hard Fork event and the highly-anticipated introduction of EIP-3554 at the start of August has driven a massive surge in Ethereum network chain activity with a 9% increase (by measure of daily gas usage).
This significant uptick in network usage has marked the first noteworthy rise in Ethereum chain activity in more than four months, with many attributing the 9% rise to EIP-1559, which has simplified and eased the transactional costs (gas fees) charged by the network.
Buterin argued the concessionary EIP-3554, which served the sole purpose of delaying the impending Ethereum network difficulty rate bomb has driven the stabilisation of mining time to a consistent block mined every 13 seconds across the decentralised network.
EIP-3554 received widespread accusations of being a bid to bribe Ethereum miners into passing EIP-1559 (a controversial key EIP). Matthijs de Vries, co-founder and CTO of AllianceBlock, was keen to support this position.
“Miners definitely benefit from having this difficulty time bomb delayed long enough until Ethereum 2.0 is finished, they decided to tie EIP-1559 to EIP-3554 as an incentive to accept EIP-1559 in order to continue building Ethereum 2.0,” he explained.
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