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blockspace #317/407 — Deca

x0r

blockspace #317/407

blockspace #317/407

Ethereum

blockspace #317/407

Collection

x0r

Description

In EIP-1559, the base gas fee of every transaction is burned. As a result, if gas fees are high and there is significant network demand, the network may produce deflationary blocks. This means more ETH is being burned than created/rewarded to a miner. Additionally, block space is flexible and adjusts accordingly with network demand. There is an average block size of 15 Million gas used and a max gas limit of 30 Million. Blockspace is a visual representation of variable block size composed of deflationary block numbers until block #13787495.

Token

Contract: 0xd16e...d1fA
Token ID: 33100010317

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