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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