A Proposal To Burn Ethereum Transaction Fees

What if the ETH you paid for every transaction fee were burned, destroyed, removed from circulation forever? What do you think that would do for the token price?

Well this may be closet to reality than you think thanks to EIP 1559, an Ethereum Improvement Proposal that I discuss in this episode.

Sources:

The original EIP1559 https://eips.ethereum.org/EIPS/eip-1559

Log of the implementers call from 3rd December 2020: https://github.com/ethereum/pm/blob/master/Fee%20Market%20Meetings/Meeting%2007.md

Top 25 'gas burners' on Ethereum right now: https://www.ethgasstation.info/

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