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Investigate EIP-1559 Transaction Fee model #2576

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HDauven opened this issue Oct 3, 2024 · 0 comments
Open

Investigate EIP-1559 Transaction Fee model #2576

HDauven opened this issue Oct 3, 2024 · 0 comments
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need:brainstorm Call for participation: group brainstorming is requested to fix this issue type:docs deliverable should be documentation

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@HDauven
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HDauven commented Oct 3, 2024

Summary

The EIP-1559 upgrade in Ethereum introduced a new transaction fee model that improved the efficiency of transaction processing by leveraging a block-based base fee and sender-specified max fees. This model replaced the traditional bidding system on gas prices.

Given the potential benefits of this model, it would be good to explore whether a similar approach could enhance the transaction fee structure on Dusk. The goal is to improve the overall user experience by reducing fee volatility.

Possible solution design or implementation

Investigate the core mechanics of EIP-1559 and what modifications it would require on our protocol.

@HDauven HDauven added need:brainstorm Call for participation: group brainstorming is requested to fix this issue type:docs deliverable should be documentation labels Oct 3, 2024
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need:brainstorm Call for participation: group brainstorming is requested to fix this issue type:docs deliverable should be documentation
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