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Filecoin tests pave way for Ethereum fee restructure

Published 08/26/2020, 10:48 PM
Updated 08/27/2020, 12:20 AM
Filecoin tests pave way for Ethereum fee restructure

A long anticipated Ethereum Improvement Proposal (EIP) which aims to tackle high network fees is currently being tested on the Filecoin network.

A proposal to change Ethereum’s fee structure has been in the pipeline since first being suggested in April 2019. A surge in network fees in recent months has brought the spotlight back on to EIP 1559, and it is being trialled on the digital storage platform Filecoin.

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