Ryan Berckmans, an Ethereum engineer, educated the local area regarding the significance of the new Ethereum Improvement Proposals. He said that the normal redesigns of the Ethereum organization, EIP-1559, and verification of stake (PoS) agreement conventions presently can’t seem to make the cost of ETH soar.

In a series of tweets on March 20, 2021, Berckmans stated that Ethereum was prepared to pay miners $ 18 billion this year, but next year, they will receive $ 0. He added that this amount will be accumulated for ETH holders after the upgrade takes place.

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