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feat(docs): add primer on all transaction types (#3897)
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# Transaction types | ||
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Over time, the Ethereum network has undergone various upgrades and improvements to enhance transaction efficiency, security, and user experience. Three significant transaction types that have evolved are: | ||
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- Legacy Transactions, | ||
- EIP-2930 Transactions, | ||
- EIP-1559 Transactions. | ||
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Each of these transaction types brings unique features and improvements to the Ethereum network. | ||
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## Legacy Transactions | ||
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Legacy Transactions (type `0x0`), the traditional Ethereum transactions in use since the network's inception, include the following parameters: | ||
- `nonce`, | ||
- `gasPrice`, | ||
- `gasLimit`, | ||
- `to`, | ||
- `value`, | ||
- `data`, | ||
- `v`, | ||
- `r`, | ||
- `s`. | ||
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These transactions do not utilize access lists, which specify the addresses and storage keys to be accessed, nor do they incorporate EIP-1559 fee market changes. | ||
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## EIP-2930 Transactions | ||
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Introduced in [EIP-2930](https://eips.ethereum.org/EIPS/eip-2930), transactions with type `0x1` incorporate an `accessList` parameter alongside legacy parameters. This `accessList` specifies an array of addresses and storage keys that the transaction plans to access, enabling gas savings on cross-contract calls by pre-declaring the accessed contract and storage slots. They do not include EIP-1559 fee market changes. | ||
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## EIP-1559 Transactions | ||
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[EIP-1559](https://eips.ethereum.org/EIPS/eip-1559) transactions (type `0x2`) were introduced in Ethereum's London fork to address network congestion and transaction fee overpricing caused by the historical fee market. Unlike traditional transactions, EIP-1559 transactions don't specify a gas price (`gasPrice`). Instead, they use an in-protocol, dynamically changing base fee per gas, adjusted at each block to manage network congestion. | ||
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Alongside the `accessList` parameter and legacy parameters (except `gasPrice`), EIP-1559 transactions include: | ||
- `maxPriorityFeePerGas`, specifying the maximum fee above the base fee the sender is willing to pay, | ||
- `maxFeePerGas`, setting the maximum total fee the sender is willing to pay. | ||
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The base fee is burned, while the priority fee is paid to the miner who includes the transaction, incentivizing miners to include transactions with higher priority fees per gas. |
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