EIP-1559

GPTKB entity

Statements (31)
Predicate Object
gptkbp:instanceOf gptkb:Ethereum_Classic_Improvement_Proposal
gptkbp:affects Ethereum users
ETH supply
Ethereum miners
gptkbp:category blockchain protocol upgrade
transaction fee mechanism
gptkbp:documentation https://eips.ethereum.org/EIPS/eip-1559
gptkbp:EIPNumber 1559
gptkbp:fullName gptkb:Ethereum_Improvement_Proposal_1559
https://www.w3.org/2000/01/rdf-schema#label EIP-1559
gptkbp:implementedDate 2021-08-05
gptkbp:implementedIn gptkb:London_hard_fork
gptkb:Ethereum_mainnet
gptkbp:introduced base fee
fee burning mechanism
gptkbp:proposedBy gptkb:Abdelhamid_Bakhta
gptkb:Eric_Conner
gptkb:Ian_Norden
gptkb:Matthew_Slipper
gptkb:Rick_Dudley
gptkb:Vitalik_Buterin
gptkbp:purpose burn a portion of transaction fees
improve Ethereum transaction fee market
make transaction fees more predictable
gptkbp:relatedTo gptkb:Ethereum
gptkb:ETH
gptkbp:replacedBy first-price auction fee model
gptkbp:status final
gptkbp:yearProposed 2019-04-13
gptkbp:bfsParent gptkb:ETH
gptkbp:bfsLayer 5