On The Brink with Castle Island cover image

Jon Charbonneau (Delphi Digital) on Building for Censorship Resistance (EP.359)

On The Brink with Castle Island

CHAPTER

The EIP 1559 Fee Mechanism for Ethereum Blocks

The way that EIP 1559 works is it targets a gas usage on average for each block of 15 million gas but it's allowed to go up to 30 million gas. If you know a block has above 15 million gas in it then in subsequent blocks the base fee starts to rise if it's below 15 million gas then the base fee start to go down. So what you end up having is let's say the block is completely full with 30 million gas if you continue to do that the the price just increases exponentially. It would basically just cost an infinite amount of money because the gas price just starts to increase exponentially and then it's basically impossible to like actually pay that cost.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner