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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
53475 Members
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© 2020 Relevant Protocols Inc.
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"EIP-1559 is probably the most well known Ethereum Improvement Proposal (EIP). This EIP will fundamentally change the way that the fee market works on Ethereum and add in a novel fee burning mechanism that would effectively burn (destroy) some ETH per transaction." And this is inevitable in this current situation where gas fees are soaring up every minute.
"EIP-1559 is probably the most well known Ethereum Improvement Proposal (EIP). This EIP will fundamentally change the way that the fee market works on Ethereum and add in a novel fee burning mechanism that would effectively burn (destroy) some ETH per transaction." And this is inevitable in this current situation where gas fees are soaring up every minute.
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