Ethereum's London Hard Fork is now 2 days away

EIP-1559 on Ethereum's network was a proposal to make Ethereum transactions more efficient.

It aims to maintain the network and keep it more closer to a usage rate of around 50%. If the network usage falls below this, the fees (base fee) will decrease as well. It will also still allow you to increase the fee (called a tip fee) to decrease the transaction time. The base fee is set algorithmically.

Wallet providers will no longer have to set their own gas fees as they will now be set automatically.

The proposal will be implemented in 2 days, which is also referred to as the London Hard Fork

This feature has been long waited for this year. I will not make any price predictions but it's a very, very large step towards the overall Ethereum 2.0 upgrade slated for next year.