EIP-1559 and Ethereum Fee Burning Explained
EIP-1559 replaced Ethereum's fee auction with a protocol-set base fee that is burned each block, reducing ETH supply over time.
PDF document · Published
Open the PDF (5 pages, 152 KB)
Contents
- How the Base Fee Works
- The Burning Mechanism
- Impact on ETH Supply and Economics
- Limitations and Criticisms
- Keywords:
- EIP-1559 · gas fees · fee burning · base fee
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