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@@ -383,18 +383,18 @@ However, the point evaluation happens inside a finite field, and it is only well
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In the interest of not adding another precompile, we return the modulus and the polynomial degree directly from the point evaluation precompile. It can then be used by the caller. It is also "free" in that the caller can just ignore this part of the return value without incurring an extra cost -- systems that remain upgradable for the foreseeable future will likely use this route for now.
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### Blob base fee per gas update rule
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### Base fee per blob gas update rule
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The blob base fee per gas update rule is intended to approximate the formula `blob_base_fee_per_gas = MIN_BLOB_BASE_FEE_PER_GAS * e**(excess_blob_gas / BLOB_BASE_FEE_UPDATE_FRACTION)`,
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The base fee per blob gas update rule is intended to approximate the formula `base_fee_per_blob_gas = MIN_BASE_FEE_PER_BLOB_GAS * e**(excess_blob_gas / BLOB_BASE_FEE_UPDATE_FRACTION)`,
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where `excess_blob_gas` is the total "extra" amount of blob gas that the chain has consumed relative to the "targeted" number (`TARGET_BLOB_GAS_PER_BLOCK` per block).
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Like EIP-1559, it's a self-correcting formula: as the excess goes higher, the `blob_base_fee_per_gas` increases exponentially, reducing usage and eventually forcing the excess back down.
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Like EIP-1559, it's a self-correcting formula: as the excess goes higher, the `base_fee_per_blob_gas` increases exponentially, reducing usage and eventually forcing the excess back down.
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The block-by-block behavior is roughly as follows.
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If block `N` consumes `X` blob gas, then in block `N+1``excess_blob_gas` increases by `X - TARGET_BLOB_GAS_PER_BLOCK`,
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and so the `blob_base_fee_per_gas` of block `N+1` increases by a factor of `e**((X - TARGET_BLOB_GAS_PER_BLOCK) / BLOB_BASE_FEE_UPDATE_FRACTION)`.
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and so the `base_fee_per_blob_gas` of block `N+1` increases by a factor of `e**((X - TARGET_BLOB_GAS_PER_BLOCK) / BLOB_BASE_FEE_UPDATE_FRACTION)`.
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Hence, it has a similar effect to the existing EIP-1559, but is more "stable" in the sense that it responds in the same way to the same total usage regardless of how it's distributed.
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The parameter `BLOB_BASE_FEE_UPDATE_FRACTION` controls the maximum rate of change of the blob base fee per gas. It is chosen to target a maximum change rate of `e**(TARGET_BLOB_GAS_PER_BLOCK / BLOB_BASE_FEE_UPDATE_FRACTION) ≈ 1.125` per block.
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The parameter `BLOB_BASE_FEE_UPDATE_FRACTION` controls the maximum rate of change of the base fee per blob gas. It is chosen to target a maximum change rate of `e**(TARGET_BLOB_GAS_PER_BLOCK / BLOB_BASE_FEE_UPDATE_FRACTION) ≈ 1.125` per block.
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### Throughput
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@@ -417,7 +417,7 @@ By only broadcasting announcements for blob transactions, receiving nodes will h
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allowing them to throttle throughput to an acceptable level.
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[EIP-5793](./eip-5793.md) will give further fine-grained control to nodes by extending the `NewPooledTransactionHashes` announcement messages to include the transaction type and size.
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In addition, we recommend including a 1.1x blob base fee per gas bump requirement to the mempool transaction replacement rules.
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In addition, we recommend including a 1.1x base fee per blob gas bump requirement to the mempool transaction replacement rules.
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