I've been asked this several times, so I'll give a straightforward answer.
The base fee is burned in full and isn't paid to the block proposer; only the priority fee goes to the validator that includes the transaction.
Burning the base fee instead of paying it to the block proposer prevents them from profiting by stuffing blocks with useless transactions to drive up transaction fees.
Under EIP-1559, the base fee paid for each Ethereum transaction is calculated at $ETH , and is burned directly.
What do you make of this? Join the discussion in the comments.
#ETH
The base fee is burned in full and isn't paid to the block proposer; only the priority fee goes to the validator that includes the transaction.
Burning the base fee instead of paying it to the block proposer prevents them from profiting by stuffing blocks with useless transactions to drive up transaction fees.
Under EIP-1559, the base fee paid for each Ethereum transaction is calculated at $ETH , and is burned directly.
What do you make of this? Join the discussion in the comments.
#ETH
