EIP-1559 and Priority Fees

This lesson is for enrolled learners

The concept Before 2021, Ethereum used a pure first-price auction for block space: everyone guessed a gas price, and the highest bidders got included, leading to wildly unpredictable fees and frequent overpaying. EIP-1559 replaced this with a two-part fee structure that's both more predictable and economically different in an important way. Every block now has an algorithmically-set base fee, calculated……

Enroll to continue Already enrolled? Sign in