What is the bitcoin cash equivalent for Ethereum?
This was the question that
I woke up to on my newsfeed.
I replied, barely conscious.
This question doesnt make any sense, Ethereum is fuel for smart contract computations, and Bitcoin Cash is a fork of Bitcoin. What is the lamborgini equivalent for a banana?
In all seriousness though, what is the correct answer to this?
Some suggested that Ethereum is the Bitcoin Cash of ETC.
I also see that they are lighting more ETH on fire.
https://twitter.com/ryansadams
"Ethereum Improvement Proposal (EIP) 1559 will be packaged with the London hard fork this coming July regardless of the mining industries discontent with the proposal, according to the All Core Developers call Friday. At least five other EIPs are likely to join EIP 1559 in London."
https://www.coindesk.com/ethereum-improvement-proposal-1559-london-hard-fork
"A transaction pricing mechanism that includes fixed-per-block network fee that is burned and dynamically expands/contracts block sizes to deal with transient congestion."
https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1559.md
Not everyone is happy with this proposal.
"Eight of the nine mining projects partaking in a community survey on Ethereum Improvement Proposal (EIP) 1559 had a negative impression of the proposal, with seven of the nine saying they would refuse to implement the EIP if it were included in a future hard fork."
"What EIP 1559 does not do is promise lower transaction fees. Miners would still garner profits under the new model, but they would be restricted compared to the current setup as the BASEFEE would be burnt to the network. Doing so would add a deflationary mechanism to the Ethereum network’s native currency, ether (ETH)."
https://www.coindesk.com/ethereum-mining-fee-model-eip-1559-miners-crying-foul
There are better explanations like this article by David Hoffman
