Skip to content
This repository was archived by the owner on May 13, 2021. It is now read-only.
This repository was archived by the owner on May 13, 2021. It is now read-only.

RFC: EIP-1559 vs EIP-3416 impact on Client Apps/Wallets #51

@ghost

Description

Dear Guarda Wallet devs, we are looking forward to improving the Market Fee on Ethereum blockchain. We are a couple of engineers proposing an EIP improvement based on EIP-1559. We estimate 1559 is great but we propose an improvement to:

  • further reduce the gas price volatility with a median function (on premium gas price on top of base fees);
  • reduce base fees volatility with an additive function (linear dynamic) instead of multiplicative (ie. exponential dynamic);
  • reduce the footprint of the changes on wallets and clients by maintaining the same tx format and UI.

I know you have probably expressed your opinion before but we will appreciate if you can leave a Support +1 , NotSupport -1, or NeedMoreInfo opinion or comments on the forums from client/wallet apps before the AllCoreDevs meeting this Friday. This can helps us avoid the proposal get pushed for August or later:

Proposal:
https://github.com/ethereum/EIPs/blob/master/EIPS/eip-3416.md
EIP-33416 proposal for London fork:
ethereum/pm#294
Discord (Fee Market):
https://discord.com/channels/595666850260713488/749160974506000444

UI Comparison Diagram:
image
Best,
HexZorro
image

Metadata

Metadata

Assignees

No one assigned

    Labels

    No labels
    No labels

    Type

    No type

    Projects

    No projects

    Milestone

    No milestone

    Relationships

    None yet

    Development

    No branches or pull requests

    Issue actions