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About BIBIBI Daily Digest Privacy & Account Security

For information and learning only. Not investment advice. Crypto assets involve risk.

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Glossary

Terms8 shown

BEP-95An BNB improvement proposal for Chain to introduce a real-time burn mechanism for block fuel fees BNB.
Burner walletA cryptocurrency wallet used for small, temporary on-chain interactions, primarily to isolate potential risks from the main wallet and most assets.
EIP-1559An improvement proposal that adjusts Ethereum’s transaction fee mechanism and introduces a partial fee-burning arrangement.
Total SupplyThe total number of tokens that have already been mined or issued and have not yet been burned, including circulating, locked, and reserved portions.
coin burnThe practice of permanently removing some coins or tokens from the circulating supply.
Base feeThe transaction fee dynamically adjusted by the Ethereum protocol based on network usage and permanently burned after payment.
Burn rateA proportional variable used to calculate the amount of fuel fees to be burned; the initial value stated in the proposal is 10%, and it can be adjusted through a governance vote.
Validator set approximatelyReceive the remaining gas fees and be responsible for distributing them daily to delegators and validators BNB, and include logic for processing gas fees according to the burn rate.

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Definition

Base fee

The transaction fee dynamically adjusted by the Ethereum protocol based on network usage and permanently burned after payment.

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