The countdown for Ethereum London hard fork has begun. Ethereum Improvement Proposal (EIP) 1559 aims to change the way transaction fees, or “gas fees,” are estimated. Under EIP 1559, the transaction fees will be less volatile and more predictable. The new upgrade will burn a base fee of each transaction, thereby decreasing the asset's circulating supply with an option to users of including a tip to help incentivize speedier confirmations proportional to network demand.