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Thank you for explaining! Will gas fees burn or go to stakers?
by coolspot 4y ago
Thank you for explaining!
Will gas fees burn or go to stakers?
- everfree 4y agoPart is burned, part goes to stakers. EIP-1559 is the Ethereum patch that introduced the fee burn in Aug 2021. It's a bit complex, but basically speaking, the higher demand is for the network, the more expensive transactions become and the more ETH gets burned.