Quantcast
Channel: QNimate » Ethereum
Viewing all articles
Browse latest Browse all 4

EIP-1557 – Ethereum Transaction Fees and Block Size

$
0
0
Post London upgrade which implements EIP-1559, Ethereum has changed how block size and transaction fees works. Block Gas Limit Earlier Ethereum block gas limit was calculated using the below formula: block_gas_limit = (parent_gas_limit * 1023 + parent_gas_used * 1.5) / 1024 This formula changes the gas limit of blocks by 0.0976% in either direction. Post […]

Viewing all articles
Browse latest Browse all 4

Trending Articles