EIP1559: The Ethereum Fee Burn Explained

A complete explanation of EIP-1559.

Diagram: https://raw.githubusercontent.com/jor...

Selected sources:

https://hackmd.io/@adietrichs/eip-1559
https://ethresear.ch/t/first-and-seco...
https://ethresear.ch/t/make-eip-1559-...
  / why_has_the_chain_capacity_increased_by_9_...  

NFT for auction: https://opensea.io/assets/ethereum/0x...

0:00 - Intro
0:53 - World Computer
4:26 - Underlying Hardware
6:52 - 3 Main Resources
11:04 - Gas Cost
14:15 - Total Gas
17:11 - Gas Price
18:10 - Gas Limit
18:28 - Ethereum Sells Gas
21:49 - Overview
23:43 - First-Price Auction
24:15 - Inelastic Gas Limit
26:19 - Two Types of MEV
32:44 - Perfect Price Discrimination
37:24 - Uniform-Price Auction
41:06 - Market-Clearing Price Oracle
43:46 - Base Fee
46:24 - EIP1559 Diagram
50:45 - Priority Fee
56:06 - EIP1559 Intuition
1:02:32 - Control Theory
1:03:49 - Base Fee Equation
1:11:17 - Base e Equation
1:13:22 - Mechanism Design
1:16:26 - Protocol Revenue
1:19:05 - Outro