Ethereum Eagle price EGL
Ethereum Eagle community
Ethereum Eagle news
About Ethereum Eagle
What Is Ethereum Eagle (EGL)?
Ethereum Eagle (EGL) aims to overcome the lack of transparency and incentive mismatch between the Ethereum community and miners. The project is community-led, and operates to maximize value for all stakeholders in the process.
Users of the Ethereum blockchain are not satisfied with the increased transaction fees. Miners define gas limits and block sizes (for protocol), and blockchain users have no vote. This situation is a problem and Ethereum Eagle aims to provide a solution. This is where the EGL token enters the scene with the aim of smoothing the corners of this issue and offering the coordination token. The idea is that holders use the token to vote on the Ethereum gas cap, thus the entire ETH ecosystem can vote on the gas cap. There is a stimulation of mining pools, and EGL encourages miners to adhere to a single and joint solution.
The official launch announcement took place in June 2021, and the IEO (Initial Exchange Offering) event ran from July 28, 2021 to Aug. 11, 2021.