Empirical Analysis of EIP-1559

ETHconomics at Devconnect Amsterdam 2022 · 21 Apr 2022 · 41:49

Fan Zhang and Luyao Zhang present an empirical study of EIP-1559 using Ethereum blockchain, mempool, and exchange data to evaluate its real-world effects on transaction fee dynamics. Their analysis finds that EIP-1559 eases fee estimation and reduces waiting times but has only a modest effect on overall gas fee levels and consensus security, with wait times rising when ether's price is more volatile. The talk also shows that larger block sizes increase the presence of sibling blocks.

Speakers

• Fan Zhang
• Luyao Zhang

Topics

• Protocol

From ETHconomics at Devconnect Amsterdam 2022, hosted by Robust Incentives Group.