The development team at Polygon (MATIC) has opened discussions for the implementation of EIP-1559 on its network as soon as the proposal is implemented on Ethereum with the London Network Upgrade.
EIP-1559 on Ethereum is designed to introduce a base fee that will be burnt with each transaction, alongside a priority fee that incentivizes miners to process each transaction.
In the case of implementation of EIP-1559 on Polygon, the development team has pointed out that, unlike Ethereum, the supply of MATIC is fixed. Therefore, burning the base fee on Polygon (MATIC) with each transaction would mean ‘not only restructuring of payouts like the total checkpoint reward, but also legal and regulatory consequences’.
