Fixing the Ethereum Fee Market (EIP-1559)

Historical transaction fees on Ethereum
Data showing gas overpay for random block sample
  • Save up to 90% of transaction costs
  • Greatly improve user experience by automating the fee bidding system
  • Provide a predictable fee system for advanced users
  • Reduce unexpected wait times for transaction confirmations
  • Allow users to still “jump” the line when network is congested
  • Disincentive selfish mining even if fees dominate rewards
  • Enshrine the economic value of ETH at the protocol level




Ethereum and DeFi.

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Eric Conner

Eric Conner

Ethereum and DeFi.

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