Monday, September 27, 2021
Home Uncategorized Ethereum Developers Found Vulnerability In EIP-1559

Ethereum Developers Found Vulnerability In EIP-1559

- Advertisement -

Ethereum developers have identified a vulnerability in the EIP-1559 protocol that could lead to network congestion. This was announced by Tim Beiko, a member of the Ethereum Foundation.


The EIP-1559, presented in 2018, involves the burning of some of the transaction fees and helps to reduce the volatility of the gas price. The protocol also allows users to “tip” miners to speed up the transaction confirmations.

Developer Martin Holst Svende found that EIP-1559 does not set a maximum limit for such payments. This would allow an attacker to enter an absurdly large number to overload the network, even if he does not pay gas fees.

Tim Beiko said:

Because the fields in 1559 are maximums, you could abuse this, not actually pay those huge gas values, and spam the network.

He further Tweeted:


The controversial EIP-1559 received support from developers and users, but divided miners into two camps.

Opponents of the proposal, including the SparkPool and Ethermine pools that jointly control 44.8% of the network hashrate, wanted to concentrate more than 51% of the computing power in the latter. However, their attempt failed.

EIP-1559 will be part of the London hard fork scheduled for July 2021.

- Advertisement -
Albert Brown
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

President Nayib Bukele: “Chivo Is Not A Bank, But In Less Than 3 Weeks, It Now Has More Users Than Any Bank In El...

Nayib Bukele, El Salvador president, has claimed that 2.1 million citizens are using the new government-backed Chivo cryptocurrency wallet. In a tweet, he implied...

PortAventura World With 5.2 Million Yearly Visitors Becomes the First Theme Resort to Accept Bitcoin as Payment at the Hotels

The Spanish amusement and leisure park - PortAventura World - would be the first in its field to add bitcoin payments. The initiative would... reports 130% client growth in 1H 2021

Gibraltar, -, 27th September, 2021, Trading volumes soar by 197% on fast-growing European crypto platform affirming rising levels of crypto adoption among global investors,...

VanEck lists TRON ETN on Euronext Paris and Amsterdam

Singapore, Singapore, 26th September, 2021, TRON has announced that VanEck Vectors TRON ETN (VTRX) will be listed on the Euronext exchanges in Paris and...

Paul Pierce, Phil Ivey, Mr. Beast and Joe Lubin Tonight In Virtue Poker’s Awaited Celebrity Charity Poker Tournament

Xbiex, Malta, 26th September, 2021, Virtue Poker is excited to host The Celebrity Charity Poker tournament that commences tonight, September 26, at 11 pm...

Kawaii Islands Nets $2.4M In Private Token Sale For Its Anime Play-to-earn Metaverse

Tortola, British Virgin Islands, 25th September, 2021, Play-to-earn blockchain games continue to take the world by storm, and Kawaii Islands is ready to throw...

Microstrategy CEO, Michael Saylor On China Banning BTC And Crypto: “Nothing Has Created More Wealth In The Past Decade Than Technologies Banned In China”

Microstrategy CEO, Michael Saylor always shows that he is a faithful supporter of Bitcoin. Microstrategy currently holds 108,992 BTC. Michael Saylor is among the...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.