EIP-1559 on Ethereum:

Voting ended over 2 years agoSucceeded

EIP-1559 is a significant upgrade for Ethereum, introducing a base fee and adjustable block sizes to improve the transaction fee mechanism. The base fee portion is burned, while the priority fee is paid to block producers. Although the upgrade doesn't decide GAS fees through voting, it can impact the fluctuation of transaction fees on the Ethereum network.

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Timeline

Jul 25, 2023Proposal created

Jul 25, 2023Proposal vote started

Nov 30, 2023Proposal vote ended

Nov 30, 2023Proposal updated