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Local Fee Markets are Necessary to Scale Ethereum

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By using this site, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Additionally, you accept our Terms of Service. For more information, please view our Privacy Policy and Terms of Service. Please confirm that you have read and accepted our Terms of Service & Privacy Policy before entering the site. By @fikunmi_ap Special thanks to @smyyguy @0xNagu @0xtaetaehoho @purplepill3m for discussions and review. Local fee markets ensure that transactions pay only for the state they access. Transactions that access contentious state pay more, and transactions accessing non-contentious state pay less. While seemingly simple, local fee markets are extremely nuanced and crucial for blockspace efficiency, long-term network stability, and user experience. This article covers all there is to know (in great detail) about local fee markets; what they are, how they work, and most importantly, why they are indispensabl

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