Cryptocurrency users without entrusting your private keys to others MetaMask, which can process transactions, announced on Thursday that a new version for Ethereum Improvement Proposal (EIP) 1559 is on the way.
In the sharing made by the MetaMask team on social media, the new version compatible with EIP-1559 estimating gas fees, user interface and “Advanced Settings” It has been announced that it will provide a better experience in terms of
MetaMask, which can be used in harmony with Ethereum and other blockchains, has been providing the necessary infrastructure support for EIP-1559 since August 2021. EIP-1559, which went into effect at the beginning of the same month; The transaction mechanism on the Ethereum blockchain a fixed gas fee schedule brought it changed.
Within the scope of the change, the ETHs paid by the users for the fee under the name ‘base fee’ will be transferred to the next block after the transaction. by burning removed from circulation. Since EIP-1559 went live, it’s worth about $5 billion in total. More than 1 million 240 thousand ETH was burned.
Since MetaMask started to act in accordance with EIP-1559, users can choose the transaction fee. low, medium and high school three different suggestions exists. In addition to these options, users can set the gas limit and the maximum fee by using the “advanced settings”.
According to today’s announcement “soon” The new version, which will be ready, is expected to provide users with a better trading experience.