What is EIP 1559?

What is EIP 1559?
First proposed by Vitalik Buterin in 2018, Ethereum Improvement Proposal 1559 (EIP-1559) represents an overhaul of the fee market in Ethereum. The biggest change is the introduction of fee 'burning,' which has the effect of reducing Ethereum's inflation rate. From the perspective of a fee-paying user, EIP-1559 does not have a significant impact. In other words, the cost per transaction for users is basically unchanged. EIP-1559 was included in the 'London' hard fork which was completed on August 5, 2021.

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仅需 30 美元就能起步
What is Ethereum?
What is Ethereum?

Understand Ethereum's key characteristics.

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What is Ethereum?
What is Ethereum?

Understand Ethereum's key characteristics.

What is ETH used for?
What is ETH used for?

Understand the function and utility of ETH.

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What is ETH used for?
What is ETH used for?

Understand the function and utility of ETH.

Who created Ethereum?
Who created Ethereum?

Understand the origin and early history of the Ethereum protocol.

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Who created Ethereum?
Who created Ethereum?

Understand the origin and early history of the Ethereum protocol.

How was ETH initially distributed?
How was ETH initially distributed?

Learn about the 2014 crowdsale, the initial distribution of ether (ETH), and why it's important.

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How was ETH initially distributed?
How was ETH initially distributed?

Learn about the 2014 crowdsale, the initial distribution of ether (ETH), and why it's important.

What's a smart contract?
What's a smart contract?

Get the basics on the "software" that runs on the Ethereum shared computer.

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What's a smart contract?
What's a smart contract?

Get the basics on the "software" that runs on the Ethereum shared computer.

What are ERC-20 tokens?
What are ERC-20 tokens?

Learn the basics of the Ethereum token standard, what ERC-20 tokens are used for, and how they work.

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What are ERC-20 tokens?
What are ERC-20 tokens?

Learn the basics of the Ethereum token standard, what ERC-20 tokens are used for, and how they work.

What's a DApp?
What's a DApp?

Understand the basics of Decentralized Applications (DApps) on decentralized networks; their features and their current limitations.

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What's a DApp?
What's a DApp?

Understand the basics of Decentralized Applications (DApps) on decentralized networks; their features and their current limitations.

What's decentralized finance?
What's decentralized finance?

Learn what makes decentralized finance (DeFi) apps work and how they compare to traditional financial products.

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What's decentralized finance?
What's decentralized finance?

Learn what makes decentralized finance (DeFi) apps work and how they compare to traditional financial products.

What is Ethereum's monetary policy?
What is Ethereum's monetary policy?

Learn about the issuance rate of ETH and how it's governed.

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What is Ethereum's monetary policy?
What is Ethereum's monetary policy?

Learn about the issuance rate of ETH and how it's governed.

What is ETH gas and how do fees work in Ethereum?
What is ETH gas and how do fees work in Ethereum?

Learn about the unit for measuring transaction fees in Ethereum, get details on the Ethereum fee market, and discover how to customize the fees you pay.

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What is ETH gas and how do fees work in Ethereum?
What is ETH gas and how do fees work in Ethereum?

Learn about the unit for measuring transaction fees in Ethereum, get details on the Ethereum fee market, and discover how to customize the fees you pay.

How does governance work in Ethereum?
How does governance work in Ethereum?

Why governance is needed, Ethereum governance in practice, the concept of credible neutrality, and more.

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How does governance work in Ethereum?
How does governance work in Ethereum?

Why governance is needed, Ethereum governance in practice, the concept of credible neutrality, and more.

What is Ethereum 2.0?
What is Ethereum 2.0?

ETH 2.0 is an updrade to Ethereum that aims to increase the speed, efficiency, and scalability of the Ethereum network while not compromising its security or decentralization.

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What is Ethereum 2.0?
What is Ethereum 2.0?

ETH 2.0 is an updrade to Ethereum that aims to increase the speed, efficiency, and scalability of the Ethereum network while not compromising its security or decentralization.

How to buy ETH
How to buy ETH

Learn how to buy ETH and hold it securely in a digital wallet you control.

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How to buy ETH
How to buy ETH

Learn how to buy ETH and hold it securely in a digital wallet you control.

How to create an Ethereum wallet
How to create an Ethereum wallet

Creating an Ethereum wallet is as easy as installing software on your mobile device or laptop/desktop.

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How to create an Ethereum wallet
How to create an Ethereum wallet

Creating an Ethereum wallet is as easy as installing software on your mobile device or laptop/desktop.

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