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A comment on Mainnet Merge Announcement. Parent comment
EIP-1559 is the Ethereum patch that introduced the fee burn in Aug 2021.
It's a bit complex, but basically speaking, the higher demand is for the network, the more expensive transactions become and the more ETH gets burned.
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EIP-1559 is the Ethereum patch that introduced the fee burn in Aug 2021.
It's a bit complex, but basically speaking, the higher demand is for the network, the more expensive transactions become and the more ETH gets burned.