Escalator fee market change for ETH 1.0 chain

Status history

1. Draft13 Mar 2020
2. ⋯Stagnantdate not observed

Abstract

Based on The Agoric Papers. Each transaction would have the option of providing parameters that specify an "escalating" bid, creating a time-based auction for validators to include that transaction. This creates highly efficient price discovery, where the price will always immediately fall to the highest bid price, which is not necessarily that user's highest price they would pay. escalator…