Today, Jimmy Ragosa, a member of the Ethereum community, joked that EIP-1559 may be postponed again to 2022 because most of the core Ethereum developers have a "mass hangover." However, what is unexpected is that the joke was released as news by some media, which caused market turmoil.

EIP-1559 will enable Ethereum to automatically calculate prices based on block space requirements instead of determining transaction fees through a process similar to blind auctions. For Ethereum, EIP-1559 is very important. It clearly links Ethereum to the use of DApps; reduces transaction waiting time and eliminates the market uncertainty of fees that hinder developers and users from adopting DApps; adds a similar Bitcoin Narrative about limited supply.

Over time, the destruction mechanism has also brought negative pressure on supply, which has strengthened the potential value proposition of ETH as a cryptocurrency with a limited supply in the portfolio. Of course, it may also have some negative effects. This policy will directly affect the interests of miners and may cause miners to leave Ethereum. However, the outside world's overall view of EIP-1559 is positive, believing that the agreement will be beneficial to the long-term development of Ethereum.

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