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EIP-1559: Fee Market ChangeFinal — Live Since London (2021)

core

Details

Replaced the first-price auction fee model with a base fee + priority tip system. The base fee is burned, making ETH deflationary during high usage. Significantly improved fee predictability.

Proposal

ID
EIP-1559

Additional info

author
Vitalik Buterin, Eric Conner, et al.
implementedIn
London, August 2021
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