Ethereum Developer Praises EIP-1559 as “The Great Equalizer”
Péter Szilágyi, an Ethereum (ETH) developer, recently praised Ethereum Improvement Proposal 1559 (EIP-1559), describing it as “the great equalizer.” In a post published on January 16, Szilágyi praised the protocol’s ability to level the playing field between validators and regular Ethereum network users. EIP-1559, implemented to improve Ethereum’s gas fee mechanism, introduced the concept of a “base fee” that users could bid for transactions. The base fee is then burned off or transferred to an irretrievable wallet. According to Ultrasound Money data, over 3.9 million ETH have been burned since the introduction of EIP-1559. In the last week alone, the