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  1. Home
  2. /Glossary
  3. /Base Fee
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blockchain

Base Fee

The minimum gas price required for a transaction to be included in an Ethereum block.

Definition

The minimum gas price required for a transaction to be included in an Ethereum block. Introduced by EIP-1559, the base fee adjusts automatically based on network congestion. When blocks are more than 50% full, the base fee increases. When less than 50% full, it decreases. The base fee is burned, not paid to validators.

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Related Terms

Gas

The fee paid to process transactions on Ethereum and similar blockchains.

Burn

Permanently removing tokens from circulation by sending them to an unusable wallet address.

Transaction

A transfer of value or data recorded on a blockchain.

ABI

Application Binary Interface.

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

Account Model

The way Ethereum and many other chains track balances.

Related Tools

Gas Tracker/tools/gas-tracker

Learn More

Ethereum Guide/learn/ethereumTokenomics Guide/learn/tokenomics

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