{"id":38197,"date":"2021-03-02T14:15:02","date_gmt":"2021-03-02T12:15:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38197"},"modified":"2025-08-30T03:27:12","modified_gmt":"2025-08-30T00:27:12","slug":"media-jihan-wu-backs-ethereum-eip-1559-upgrade","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-jihan-wu-backs-ethereum-eip-1559-upgrade\/","title":{"rendered":"Media: Jihan Wu backs Ethereum EIP-1559 upgrade."},"content":{"rendered":"<p>Jihan Wu, co-founder of the Chinese mining giant Bitmain, voiced his support for the Ethereum Improvement Proposal EIP-1559. Colin Wu reported.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Exclusive: Jihan Wu, co-founder of Bitmain and the spiritual leader of BCH, today expressed his support for EIP-1559: Vitalik worked so hard to make such a good proposal, and miners should not opposed, if the proposal passed, the price of ETH will rise, miners are also winners. <a href=\"https:\/\/t.co\/p87U8rJpn9\">pic.twitter.com\/p87U8rJpn9<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1366700613715648513?ref_src=twsrc%5Etfw\">March 2, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>&#8220;Vitalik [Buterin] worked hard to come up with such a good proposal, and miners should not object if it is adopted. The price of Ethereum will rise, miners will also win,&#8221; the journalist quoted Wu as saying.<\/p>\n<\/blockquote>\n<p>Ethereum co-founder Vitalik Buterin proposed <a href=\"https:\/\/finematics.com\/ethereum-eip-1559-explained\/#:~:text=EIP%201559%20describes%20changes%20to,by%20Vitalik%20Buterin%20in%202019.&#038;text=The%20current%20fee%20model%20is,their%20space%20in%20a%20block.\" target=\"_blank\" rel=\"nofollow noopener\">EIP-1559<\/a> in 2019. It proposes burning a portion of transaction fees and aims to reduce volatility in gas prices.<\/p>\n<p>Earlier, the third-largest Ethereum pool F2Pool <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-miners-split-into-two-camps-over-eip-1559\">supported<\/a> EIP-1559. Opponents were operators of the largest and second-largest pools \u2014 Sparkpool and Bitfly.<\/p>\n<p>Back in February 2021, Jihan Wu <a href=\"https:\/\/u1f987.com\/en\/news\/jihan-wu-sells-btc-com-mining-pool-to-500-com\">sold<\/a> the BTC.com mining pool to the online-lottery services provider 500.com Limited, which had come to him as part of a settlement.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Co-founder of the Chinese mining giant Bitmain Jihan Wu voiced his support for the Ethereum Improvement Proposal EIP-1559. Colin Wu reported.<\/p>\n","protected":false},"author":1,"featured_media":38198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,227],"class_list":["post-38197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-jihan-wu"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=38197"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38197\/revisions"}],"predecessor-version":[{"id":38199,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38197\/revisions\/38199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38198"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}