Skip to main content

Glossary · Definition

EIP-1559

EIP-1559 is the change to Ethereum's fee system that splits each transaction fee into a base fee, which is destroyed, and an optional tip for the validator.

Join CryptoBipto to view the full explanation.

The full entry for EIP-1559 covers the detailed definition, how it works, an example and the mistakes beginners make.

More terms about Blockchain mechanics.

CryptoBipto is a crypto education platform. It does not buy, sell, hold or send cryptocurrency for anyone, and it does not give financial advice.