EIP-1559 Burn Mechanism

The EIP-1559 burn mechanism is the process by which the base fee paid by users for transactions is permanently removed from the circulating supply. This is achieved by sending the base fee to a null address, effectively destroying the tokens.

This mechanism ensures that the cost of using the network is directly tied to the native asset's supply dynamics. It creates a feedback loop where increased usage of the network leads to increased supply reduction.

It is a foundational element of the protocol's current monetary policy.