On Polygon and Ethereum Alignment 🛤️
☝️ Polygon is a leader in Ethereum alignment ♾️ 💜 implementing PoS upgrades to support scalability as an EVM-compatible L2, while bringing down transaction fees.
Let’s zoom in on PoS and EIP-1559 upgrades 🎯
1559 gets rid of first-price auction as the main mechanism for fee calculation. Instead we’ve got:
👉 a discrete base fee for transactions to be included in the next block
👉 a priority fee to speed up processing
👉the base fee fluctuates depending on network congestion, and gets burned