This Token Could Bridge the Incentive Gap Between Ethereum Miners and Ethereum Users – CoinDesk – CoinDesk

This Token Could Bridge the Incentive Gap Between Ethereum Miners and Ethereum Users – CoinDesk – CoinDesk

High gas fees have plagued Ethereum off and on for months, so much so that there has been a boom in funding and uptake around layer 2 solutions such as Polygon, Arbitrum and Optimism. 

A new project is taking a different tack and hoping to foster better communication between two groups of Ethereum stakeholders whose incentives are often misaligned: miners and users.

The Ethereum Eagle project (EGL), launching Friday, is an effort to provide a signaling mechanism for the miners and community to strike the “right” balance between gas limits and block size. 

“The idea for EGL comes from the fact that we constantly see, every six months on Twitter, people are ranting about the gas limit,” said bloXroute Head of Strategy and Operations Eleni Steinman. BloXroute, a blockchain scalability company that focuses on providing scaling without protocol changes, is developing the project.

In Ethereum, miners have the ability to determine block size, to a certain extent. Miners can change the block size of a subsequent block by 0.1%; so while there are small fluctuations back and forth in the gas limit over time, the general baseline is the gas limit set by the majority of the hash power. But Ethereum miners can change the gas limit in large movements as well.

Basically, larger blocks create lower gas fees but less
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