Will ETHEREUM Become Deflationary Asset? | Eth EIP-1559 update justified?

There is good news for Ethereum investors and users, as its new update, EIP 1559 is finally giving returns. This update has definitely made Ethereum lovers happy as it will result in Ethereum becoming the deflationary asset of the decade.

So, is all of the hype around this new update justified? What exactly is EIP 1559? And how will it impact everyone involved in the process?

Welcome back to our channel Crypto Meister where we tell you all the latest news about your favorite crypto coins. In today’s video, we are going to talk about how Ethereum will become a deflationary asset of the decade.

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Ethereum Improvement Proposal (EIP) 1559 is one of the most discussed updates for the past couple of years as it will restructure the transaction fee and make the Ethereum network both cheaper and faster.

Nobody really knows the answer to this question yet. However, users should be aware that the idea of a transaction fee reduction could quite easily turn into a transaction fee increase.

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[OldmanCrypto]

1559 is going to lower fees? NO IT WONT. This guy has no idea what he's talking about !!!!