In today's Crypto podcast we tell you everything you need to know about EIP 1559 and why it is important. EIP-1559 is crucial Ethereum update, which forms part of the blockchain’s London hardfork, has been proposed for mainnet activation on block 12965000, due to land between 13:00 UTC and 17:00 UTC on Aug. 4. Tim Beiko, a key coordinator for the various researchers working on EIP-1559, proposed the launch time in a pull request on Github earlier this afternoon.