How does EIP-1559 adjust basefee if ETH price goes up or down?
My understanding of EIP-1559 is that if a block is 50% full then the basefee doesn't change. If it's above or below the 50% then it goes up or down as well. But what if blocks remain 50% full and ETH price keeps going up? If the basefee remains the same, the USD value of…
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