On the first day of testing the London hard fork on the Ethereum testnet, 88,000 ETH were burned
On June 24, the London hard fork, which includes changes to the EIP-1559 proposal, was activated on the Ropsten testnet. In just a day, 88,000 ETH was burned. As part of EIP-1559, when paying commissions, ETH coins are burned, which will reduce transaction fees, but at the same time reduce the income of miners. The changes turned out to be very effective – 88,000 ETH were burned on the test network. We are talking, of…
