EIP 1559 Almost Ready, Might Go Out by Summer Says Tim Beiko

eip1559 testnet jan 2021

A much anticipated upgrade of ethereum that adjusts its fee market, the Ethereum Improvement Proposal (EIP) 1559, is pretty much done. Abdelhamid Bakhta, a Protocol Engineering at ConsenSys working on PegaSys, says he has worked on the fee market proposal for over a year. “Implementation is done on 3 clients (Besu, Geth, Nethermind),” Bakhta says. Economical analysis is done, we de-risked everything.” Much of this came as a surprise even to Vitalik Buterin, ethereum’s co-founder, as many who are not intimately involved with EIP-1559 thought this was very much work in process. Instead this has gone through two testnets (pictured), “one for integration testing and the other more comparable to mainnet in terms of size,” Bakhta says. Tim Beiko, the chair of All Core Devs (ACD) meetings, confirmed EIP-1559 is almost done, stating that for readiness: “First, not even all clients have an implementation. Besu has one, Geth has one…

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