Blockchain & Infrastructure
Also: London hard fork, fee burn
EIP-1559
The Ethereum upgrade that introduced a base fee burned with every transaction, making ETH partially deflationary.
EIP-1559 (Ethereum Improvement Proposal 1559), activated in August 2021, reformed Ethereum's fee market by introducing a mandatory base fee that is burned rather than paid to miners. Users can add a priority tip to incentivize faster inclusion. The base fee adjusts automatically based on block demand. The result is a more predictable fee experience and, during high demand periods, net deflationary pressure on ETH supply.
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