Statements (112)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:blockchain_technology
|
| gptkbp:addressed |
network congestion
|
| gptkbp:affects |
gptkb:Ethereum_network
gptkb:Ethereum_miners |
| gptkbp:aims_to |
reduce transaction fee volatility
|
| gptkbp:aims_to_improve |
network efficiency
|
| gptkbp:approves |
July 2021
|
| gptkbp:enhances |
network efficiency
transaction predictability |
| gptkbp:has_been_controversial_due_to |
its impact on miners
|
| gptkbp:has_feature |
User experience improvements
Base fee mechanism Dynamic fee adjustment Fee burning mechanism Improved miner incentives Increased network efficiency Reduced volatility in gas prices Transaction fee predictability |
| gptkbp:has_implications_for |
Ethereum's monetary policy
|
| gptkbp:historical_achievement |
Ethereum's development roadmap
|
| https://www.w3.org/2000/01/rdf-schema#label |
EIP-1559
|
| gptkbp:includes |
a mechanism for fee burning
base fee tip for miners a fee burning mechanism |
| gptkbp:introduced |
base fee
base fee per gas |
| gptkbp:is_a_key_component_of |
Ethereum's economic model
|
| gptkbp:is_a_major_change_in |
Ethereum's fee mechanism
|
| gptkbp:is_a_major_milestone_for |
Ethereum's evolution
|
| gptkbp:is_a_significant_change_to |
Ethereum's transaction processing
|
| gptkbp:is_a_significant_proposal_for |
Ethereum's ecosystem
|
| gptkbp:is_a_solution_for |
transaction congestion
|
| gptkbp:is_a_subject_of |
gptkb:academic_research
gptkb:media_coverage decentralized finance (De Fi) investors in Ethereum ongoing debate in the crypto community |
| gptkbp:is_analyzed_in |
various blockchain researchers
|
| gptkbp:is_associated_with |
Ethereum's transition to proof-of-stake
Ethereum's governance model |
| gptkbp:is_considered |
a significant change in Ethereum's fee structure
|
| gptkbp:is_considered_as |
landmark proposal
|
| gptkbp:is_criticized_for |
potentially harming miners
|
| gptkbp:is_critiqued_by |
its complexity
|
| gptkbp:is_designed_to |
improve user experience
|
| gptkbp:is_discussed_in |
Ethereum community forums
Ethereum core developer meetings Ethereum forums Ethereum developer meetings |
| gptkbp:is_expected_to |
other blockchain networks
future blockchain proposals more stable gas prices reduce miner revenue reduce miner revenue volatility |
| gptkbp:is_implemented_in |
gptkb:Ethereum_mainnet
gptkb:Ethereum_blockchain gptkb:Ethereum_2.0 gptkb:Ethereum_London_hard_fork August 2021 |
| gptkbp:is_linked_to |
Ethereum's user adoption
|
| gptkbp:is_part_of |
Ethereum network upgrades
Ethereum 2.0 upgrade Ethereum's history Ethereum's ongoing development Ethereum's roadmap Ethereum's transition to proof-of-stake Ethereum's economic model |
| gptkbp:is_related_to |
gas fees
Ethereum gas fees Ethereum's scalability solutions Ethereum's scalability issues Ethereum's transaction throughput |
| gptkbp:is_significant_for |
blockchain governance
|
| gptkbp:is_supported_by |
Ethereum community
Ethereum developers |
| gptkbp:key_feature |
Ethereum's future upgrades
|
| gptkbp:modifications |
fee structure
how Ethereum transaction fees are calculated |
| gptkbp:originated_in |
deflationary Ethereum
|
| gptkbp:part_of |
make Ethereum more user-friendly
|
| gptkbp:part_of_series |
EIPs aimed at improving Ethereum
|
| gptkbp:proposed_by |
gptkb:Vitalik_Buterin
has been analyzed for its economic impact has been referenced in academic papers has been discussed in podcasts a new fee structure for Ethereum transactions a new transaction pricing mechanism aims to improve Ethereum's functionality has been critiqued by industry leaders has been debated in public forums has been discussed in social media has been featured in conferences has been implemented in Ethereum's codebase has been implemented in various Ethereum clients has been reviewed by experts has been supported by community votes has been tested in testnets has implications for transaction speed has sparked discussions about decentralization |
| gptkbp:provides |
predictable transaction fees
|
| gptkbp:replaces |
first-price auction model
the first-price auction model |
| gptkbp:was_a_response_to |
community feedback
high transaction fees high gas prices user complaints about fees |
| gptkbp:was_a_result_of |
years of community discussion
|
| gptkbp:was_accepted_in |
the London Hard Fork
|
| gptkbp:was_influenced_by |
previous fee models
|
| gptkbp:bfsParent |
gptkb:London
|
| gptkbp:bfsLayer |
3
|