A huge spike of transactions of size k*L
(assuming gaslimit L
) in non-EIP-1559 land would last k
blocks. In EIP 1559 land, there would be a “full blocks and increasing fee” phase that lasts k/2
blocks (assuming max_gas/target_gas = 2
) and then a “decreasing fee” phase that lasts another k/2
blocks because the decrease would be the same as the increase. The difference though is that in EIP 1559 land, during the decreasing fee phase transactions willing to pay a temporarily increased fee would be able to immediately get in, whereas currently they would still have to compete with the transaction spike. If max_gas/target_gas > 2
, then things are even more favorable for the EIP 1559 case, though that could lead to unacceptably high burst load for clients in the network.
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