More Meters or More Prices? One- vs. Multi-dimensional Fee Mechanisms on Ethereum
In briefMore Meters or More Prices? Comparing One- and Multi-dimensional Ethereum Fee Mechanisms
SummaryThis Ethereum Research forum post compares one-dimensional fee mechanisms with the multidimensional fee market proposed in EIP-7999. The author raises the target-to-limit ratio of a normalized benchmark to 4/5 and replaces the EIP-1559 update rule with an EIP-4844-style update, measuring execution gas, state growth, and near-limit blocks. Higher ratios increase execution but push state growth away from its target and raise congestion. The EIP-4844-style update allows lower fees and more execution, but with more congestion.