Reconsidering the minimum priority fee in Proof-of-Stake
Blog iconThe price of agency
May 25
Note: This post may be kind of stale already, but its draft having been shared semi-publicly, I am inclined to publish the post anyways, for the sake of record-keeping/future discussions. See also Christine Kim’s write-up of ACDE #188 for an overview of the community’s thinking on this issue.EIP-1559 introduced a new fee market in August 2021, where a user is able to set two parameters with their transactions:maxFeePerGas, denoting their highest willingness to pay per unit of gas.maxPriorityF...

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