.. _sphx_glr_api_gallery_economics_fees:

Fee markets
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Pricing scarce block space.


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    <div class="sphx-glr-thumbcontainer" tooltip="Until August 2021, Ethereum sold block space as Bitcoin still does: a first-price auction in which each user names a fee and pays it if included. No bid is obviously right, so users overpay or wait, and the price swings with every burst of demand. EIP-1559 sets a protocol price per unit of gas, the base fee, adjusted after every block toward a target of half the block&#x27;s capacity,">

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  :doc:`/api/gallery/economics/fees/plot_01_eip1559_base_fee`

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      <div class="sphx-glr-thumbnail-title">EIP-1559: a base fee, burned (2021), and Roughgarden's analysis (2020)</div>
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   /api/gallery/economics/fees/plot_01_eip1559_base_fee