Bankless

ROLLUP: EIP-1559 | Infrastructure Bill | CryptoPunks & NFTs | Bitcoin ETF | DyDx Token (August 6th)

Aug 6, 2021
This discussion kicks off with the transformative EIP-1559 upgrade on Ethereum, explaining its impact on ETH's monetary policy. Bitcoin's recent price dip contrasts sharply with Ethereum's rise, driven by soaring interest in DeFi. OpenSea's NFT market surge is highlighted, showcasing skyrocketing transaction volumes. The conversation dives into regulatory challenges facing the crypto industry, particularly a contentious infrastructure bill. Plus, there's a sneak peek into new gaming experiences and NFT partnerships that are shaping the future of crypto culture.
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INSIGHT

EIP-1559: Burning ETH

  • EIP-1559, a crucial Ethereum upgrade, burns ETH, enhancing its monetary policy and potentially making it deflationary.
  • This upgrade shifts ETH allocation from miners to burning, increasing value for ETH holders.
INSIGHT

EIP-1559: Dashboards and Wallets

  • Some dashboards show real-time ETH burning, and there's been the first deflationary Ethereum block.
  • Wallets are updating to support EIP-1559 transactions, making them more user-friendly.
INSIGHT

Crypto User Growth

  • The number of crypto users has doubled in six months, reaching 221 million.
  • This signals growing adoption and a shift from early adopters to a broader user base.
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