Who earns the Ethereum gas fee? Is it destroyed directly?

The adoption rate of Ethereum is increasing year by year, but the increasing number of Ethereum transactions also means that the gas fee of Ethereum is also increasing. The gas fee of Ethereum is simply that investors execute transactions on the Ethereum network. Or fees paid when smart contracts operate. Regarding the gas fee of Ethereum, everyone does not know who earns the remaining gas fee of Ethereum except the validators? According to data analysis, the GAS fees in the Ethereum network are earned by validators. The main purpose of the GAS fee is to compensate the verifier or verifier for the computing resources and electricity consumed when processing and verifying these operations. The editor below will tell you in detail.

Who earns the gas fee of Ethereum?

Gas fees in the Ethereum network are earned by validators, not by the Ethereum Foundation or other centralized institutions. Validators are the nodes that verify and package transactions in the Ethereum network, and they need to consume computing power and electricity to complete these tasks.

After Ethereum 2.0 transitions to full proof-of-stake, validators will replace miners as the main block producers and transaction processors. At that point, tips will be paid to validators, not miners. However, the base fee burning mechanism still exists and continues to reduce the total supply of ETH.

The GAS fee mainly consists of the following elements: GAS Fee Cap, GAS Premium, GAS Limit, GAS Used, and BaseFee. When a user sends a transaction, they need to pay a certain amount of GAS so that the validator can verify and package the transaction. Validators are free to choose which transactions to include in their blocks, and they will typically choose transactions with higher GAS fees as this will allow them to earn more rewards that validators can earn by validating and packaging transactions. GAS fee.

GAS Limit is the maximum limit on resource consumption, and GAS FeeCap is the maximum unit price limit that users can pay to validators. On the Filecoin chain, it is necessary to check whether the account has sufficient balance before packaging, otherwise the transaction will not be packaged. Therefore, GAS Limit and GASFee Cap can obtain the user's highest payable fee, which is set independently by the user. However, it should be noted that the GAS Limit should not be set arbitrarily. Part of the excess GAS Limit will be burned. This is the biggest difference from the ETHGAS fee mechanism.

Is the Ethereum GAS fee directly destroyed?

The Ethereum GAS fee is directly destroyed. The Ethereum GAS fee is indeed directly destroyed after the EIP-1559 upgrade. This mechanism is part of the EIP-1559 proposal, which aims to optimize the transaction fee mechanism of the Ethereum network.

EIP-1559 introduces a new transaction fee structure, and the GAS fee is dynamically adjusted according to the congestion of the block. If the block usage exceeds the target value, the gas fee will increase; if it is below the target value, the gas fee will decrease. The GAS fee is deducted directly from the transaction and destroyed. The purpose of this mechanism is to reduce the circulating supply of ETH, thus having a deflationary effect.

By burning GAS fees, the total supply of ETH is gradually reduced, which helps increase the scarcity of ETH and may have a positive impact on its value. The dynamic adjustment mechanism of GAS fees helps stabilize transaction fees, reduce extreme fluctuations, and improve user experience. The destruction of GAS fees reduces the income fluctuations of validators and validators, while avoiding excessive manipulation of transaction ordering by validators.

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