Home » EIP-1559 Explained in 6 Minutes!

EIP-1559 Explained in 6 Minutes!

by eiga



In this video, I answer the most common questions about EIP-1559:

Will ETH be deflationary?
What is the difference in the fee mechanics?
What are the benefits of EIP-1559?

Community Discord: https://discord.gg/e8pQZWF485
Twitter: https://twitter.com/JustinCBram/

#ethereum #eip1559 #defi
——
00:00 Intro
00:09 Auction based model
01:24 New fee structure
02:24 Dynamic block sizes
02:53 Benefits of 1559
04:23 Will ETH be deflationary?
05:40 Watch the burn!

Sources:

Watch the Burn: https://watchtheburn.com/
The Daily Gwei: https://thedailygwei.substack.com/
Etherscan: https://etherscan.io/gastracker
Deribit Insights: https://insights.deribit.com/market-research/analysis-of-eip-1559/
Watch the Burn: https://ropsten.watchtheburn.com/
HackMD: https://hackmd.io/@q8X_WM2nTfu6nuvAzqXiTQ/1559-wallets