EIP-1559 and CBDCs: Analysing Ethereum’s EIP-1559 and MIT’s Project Hamilton [March 2022 Scholar]

Blockchain research has hit some of the world’s most prestigious universities. In our latest report, we explain two research projects on reducing Ethereum fees and wait time, and CBDCs.

Cryptocurrency and blockchain academic research has already started to become mainstream, with top universities worldwide engaging in cutting-edge research on crypto-related topics.

This report gives an overview of two significant blockchain research papers, one on Ethereum’s EIP-1559 (by Duke University and Peking University), and the other on Project Hamilton, a joint research project by Boston Fed and MIT DCI on central bank digital currencies (CBDCs).

The EIP-1559 paper answers three key questions regarding the effects of EIP-1559 on Ethereum transaction fees, transaction waiting time, and security. The Project Hamilton paper outlines the progress that Boston Fed and MIT DCI have made in designing a high-performance payment processing system for CBDCs.

No prior blockchain knowledge is required for reading this report, as the key points are summarised and explained in an easy-to-understand manner.

Read the full report: EIP-1559 and CBDCs: Analysing Ethereum’s EIP 1559 and MIT’s Project Hamilton