3 ms·

Ether Is About to See Supply Reduced

• gus_massa 6y ago
  > The proposal also will change a strange feature in Ethereum that no one really saw coming. Users can now pay an Ethereum miner to process their transaction with a credit card or another cryptocurrency, undermining Ether’s role in its own blockchain, Beiko said. Why would someone prefer to pay with credit card instead of using the normal fees for miners? Do the fees in Ethereum have some kind of "tax"? > EIP 1559 makes Ether the only way to pay for transactions on the network. I don't understand how this prevent side channels. There is a mandatory part that is burned, but someone can use a side chanel anyway.