Question: ) : A user sends a transaction in Ethereum after the EIP - 1 5 5 9 upgrade. The current base fee for the network

): A user sends a transaction in Ethereum after the EIP-1559 upgrade. The current base fee for the network is 40 Gwei, and the user sets a priority fee (tip) of 7 Gwei. The user also sets a max fee of 75 Gwei. After the transaction is processed, the network determines that the actual base fee for the block was 55 Gwei.
How much total gas fee will the user pay for the transaction?
How much of the gas fee will be burned?
Will the user receive any refund, and if so, how much?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Programming Questions!

Q:

Accounting for iPhone at Apple Inc On October 21, 2008, Apple Inc. announced financial results for Q4 of FY 2008 ended September 27, 2008 (see Exhibit 1). Under the U.S. generally accepted accounting...

Q:

You should construct a decision tree that includes one decision node (purchase a new EHR system) or maintain the status quo (retain the existing EHR system). There are the two EHR systems under...

Q:

From the below case study answer the question in 1 sentence only 1- What is the evaluation you need to perform? 2- What is the decision that needs to be made and what are the major decision options?...

Q:

ITM 309: Business Information Technology and Systems Spring 2016 Watson and the new era of cognitive systems Jerry Haan IBM Cloud Ecosystem Development January 27, 2016 2013 International Business...

Q:

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

Q:

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

Q:

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

Q:

Use case to answer question only you don't need no other reference. Case Overview Founded by Jeff Bezos, online giant Amazon.com, Inc. (Amazon), was incorporated in the state of Washington in July,...

Q:

Use case to answer question only you don't need no other reference. Case Overview Founded by Jeff Bezos, online giant Amazon.com, Inc. (Amazon), was incorporated in the state of Washington in July,...

Q:

URN 09/1026 DIGITAL BRITAIN Final Report JUNE 2009 DIGITAL BRITAIN - Final Report Published by TSO (The Stationery Office) and available from: Online www.tsoshop.co.uk Mail,Telephone, Fax & E-Mail...

Q:

Rose Office Supplies, Inc., which is open six days a week, uses a two-week periodic review for its store inventory. On alternating Monday mornings, the store manager fills out an order sheet...

Q:

Dunn Manufacturing Company applies manufacturing overhead on the basis of direct materials costs. The estimates for 2012 were: Direct materials costs . . . . . . . . . . . . . . . . . . . . . . . . ....

Q:

eBook Minnesota Co . is a U . S . firm that exports computer parts to Japan. Its main competition is from firms that are based in Japan, which invoice their products in yen. Minnesota's exports are...

Q:

Which of the following statements about crime in the United States is true? More than half of all violent victimizations that occur in the United States are not reported to police. Homicide is the lea