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WHY did we burn billions in ETH? (EIP-1559 explained in simple terms)
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#DeepTalksTV #EIP1559 #Ethereum
EIP-1559 showcases the changes to the Ethereum fee model. The proposal mainly aims at the following three points,
1) Gas fees are no longer based on the auction model
2) Miners don't get all the gas fees
3) Burn Ethereum
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#DeepTalksTV #NTT #EIP1559 #EthereumEIP1559 #Bitcoin #Ethereum #Blockchain #Cryptocurrency #Cryto #Dogecoin #Cardano #NFT #AI #ArtificalIntelligence #ChatGPT
EIP-1559 showcases the changes to the Ethereum fee model. The proposal mainly aims at the following three points,
1) Gas fees are no longer based on the auction model
2) Miners don't get all the gas fees
3) Burn Ethereum
My Website:
______________
Social Profiles:
________________
Subscribe, Follow us to get an instant update about the latest trends in Cryptocurrency, Blockchain, Technology, etc.
#DeepTalksTV #NTT #EIP1559 #EthereumEIP1559 #Bitcoin #Ethereum #Blockchain #Cryptocurrency #Cryto #Dogecoin #Cardano #NFT #AI #ArtificalIntelligence #ChatGPT
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