Update EIP-7762: Move to Draft #9062
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Dec 5, 2024
| ## Rationale | ||
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| The current MIN_BASE_FEE_PER_BLOB_GAS is 1 wei. This is many orders of magnitude lower than the prevailing price of blobs when blobs enter price discovery. Whenever demand for blobs exceeds supply, blobs enter price discovery, but traversing the 8 orders of magnitude between 1 wei and the point where elasticity of demand starts to decrease takes a long time. | ||
| Furthermore, to avoid sudden changes in the blob base fee, the excess gas MUST be reset to 0 at the time of the fork. |
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This part alone requires a lot of testing: The t8n interface does not support a way of us telling "this is the fork block", so to work around it, we need to send hard-coded values in EEST at fork time, which requires framework changes.
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As discussed in ACDC 146, we may want to split the blob target increase from the base fee mechanism changes. Those include:
As of yesterday's call, it looks like we won't ship these updates in Pectra, but in Fusaka.