Although we bid a fond farewell to Ethercluster, we will soon welcome the next network upgrade nicknamed Mystique. This ECIP comes with the majority of EIPs and opcodes incorporated into the Ethereum London hard fork. The main EIP left out of Mystique is EIP-1559, the proposal to create a fee market by incorporating a new type of fee and burning mechanism. 1559 aims at curbing the drastic shifts in gas costs on Ethereum as well as incentivizing miners to begin preparing to switch to proof-of-stake. EIP-1559 does not benefit the ETC network or its participants. ETC already has a deflationary emission schedule and known supply cap of ~210M ETC. Also there are no plans to switch ETC from a secure proof of work to a proof of stake platform. The ETC Cooperative will soon begin reaching out to stakeholders, developers, and active participants to begin coordinating an "All Core Devs" call. There developers can evaluate the ECIP, discuss potential activation timelines, and all other matters related to Mystique. |