Ethereum fee market reform: EIP-1559 as a question of fairness

1. Background

2. A Proposal Emerges

  1. send the basefee to some fund (e.g. a developer fund);
  2. give the basefee to the miner of the current block;
  3. share the basefee amongst the miners of future blocks;
  4. burn the basefee.

3. Developer Scepticism

4. Renewed Impetus

5. Who owns Ethereum’s blockspace?

6. Fair Compensation

7. Allocating the Fee Surplus

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