Good, now use your superior intelligence to connect this:
And this:
Now call me master!
Quote
With EIP-1559, the base fee will increase and decrease by 12.5% after blocks are more than 50% full. For example, if a block is 100% full the base fee increases by 12.5%; if it is 50% full the base fee will be the same; if it is 0% full the base fee would decrease by 12.5%.
https://metamask.io/1559And this:
Now call me master!
You're a slave! But seriously, thanks for the reply. So that's what the algorithm for the base fee is. I wonder who came with that formula, because it seems that even though we're not close to 100% capacity, yet this formula has lead to very high base fee. Do you know who invented and enforced this formula onto gas fee structure?
I think it's detrimental to users, putting that threshold somewhere about 50% would be better.