Hello, you are at the right place if you want to know about the new proposal of Ethereum
The Ethereum fee market system will be altered by EIP-1559. EIP-1559 eliminates the first-price auction as the primary method of calculating gas fees.
A specific amount of brokerage or fees is offered by people for their transaction to be processed in first-price auctions, and the highest bidder wins.
There will be a distinct “base fee” for transactions included in the next block with EIP-1559. Whoever wants their transaction to be prioritized can offer a “tip,” also known as a “priority charge,” to a miner in exchange for faster inclusion.
The goal is to make block demand fees more transparent to the user.
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