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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
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1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
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4. Submissions must be original and comply with community guidelines. Plagiarism or re
EIP-1559: Analysis of the Significant Changes in the Ethereum Transaction Fee Mechanism and Potential Impacts
Analysis of EIP-1559 Proposal: A Major Change in Ethereum's Transaction Pricing Mechanism
The EIP-1559 proposal aims to address the transaction pricing issue on the Ethereum network. This proposal was put forward by Ethereum community member Eric Conner in November 2018, making significant adjustments to the transaction pricing scheme of the Ethereum network.
The main changes include:
Under the new mechanism, the base fee for each block is fixed but dynamically adjusts based on network congestion. The adjustment algorithm determines the increase or decrease of the base fee based on the amount of gas consumed by the previous block and the target gas limit.
When the network is congested, users can incentivize miners to prioritize packaging their transactions by paying a tip. Each transaction can specify a base fee and a tip limit.
It is worth noting that the base fee will be burned rather than going to the miners. This design may bring about a deflationary effect on ETH, which some investors see as a positive.
For miners, the implementation of EIP-1559 may affect their earnings. Miners will only be able to receive a fixed block reward and tips from transactions, losing part of their original transaction fee income.
For users and developers, the new proposal is expected to significantly improve the user experience. Users will no longer need to estimate the gas price when packaging transactions; they can simply set the maximum amount they are willing to pay. This will greatly alleviate the transaction congestion issues caused by inaccurate gas price estimates and enhance the usability of the Ethereum network.
However, the implementation of the EIP-1559 proposal still faces uncertainty. Given the potential opposition from the miner community, its final adoption remains in question. Currently, the proposal may be considered in another fork after the Ethereum "Berlin" hard fork.
In general, the EIP-1559 proposal aims to improve the usability of the Ethereum network while also affecting the earnings of miners. This complex proposal involves many aspects, and its implementation or lack thereof will have a profound impact on the Ethereum ecosystem.