MultiversX Tracker is Live!

EIP-1559 Fee resistance level

Etherum Reddit

More / Etherum Reddit 225 Views

There actually a resistance level that EIP-1559 base fees are always struggling to go under. This resistance currently sits somewhere around 50 gwei. When a lot of people submit transactions with similar fee caps, they create a resistance level. Once the base fee becomes smaller than the resistance level, miners would produce blocks full of those cheapo transactions, pushing the base fee up again. That's why the base fee rarely becomes cheaper than 50 gwei. This can be mitigated if everyone sets an extremely low feecap. This would force the resistance level down to an acceptable level.

submitted by /u/jessielesbian
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments