Median Gas Premium

Status history

1. Draft18 Mar 2021
2. ⋯Stagnantdate not observed

Abstract

There is a base fee per gas in protocol, which can move up or down by a maximum of 1/8 in each block. The base fee per gas is adjusted by the protocol to target an average gas usage per block instead of an absolute gas usage per block. The base fee is increased when blocks are over the gas limit target and decreases when blocks are under the gas limit target. Transaction senders specify their…