📊EVM Commissions
Basic Fee Components:
Base Fee:
This is the minimum fee set by the network to include a transaction in a block.
The base fee is automatically calculated and adjusted based on network load.
After the EIP-1559 update (as part of Ethereum 2.0), this fee is burned, making ETH a more deflationary asset.
Priority Fee:
This is a commission paid to miners or validators (after switching to Proof of Stake) for faster transaction processing.
The amount of the fee is set by the user, allowing you to adjust the speed of transaction processing.
Gas Limit:
This is the maximum amount of gas the user is willing to pay to complete a transaction.
Complex transactions (such as executing smart contracts) require more gas than simple ETH transfers.
Features of commissions in Ethereum: Dynamically changing commissions:
Dynamic change of commissions:
When network activity is high, commissions increase significantly.
During periods of low activity, commissions become more affordable.
During periods of low activity, commissions become more affordable.
Solutions to reduce commissions: Layer 2 solutions (Optimism, Arbitrum, zkSync): Reduce commissions by processing transactions outside the main blockchain.
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