EIP-3198: BASEFEE opcode Ethereum Improvement Proposals AllCoreNetworkingInterfaceERCMetaInformational Standards Track: Core EIP-3198: BASEFEE opcode Authors Abdelhamid Bakhta (@abdelhamidbakhta), Vitalik Buterin (@vbuterin) Created 2021-01-13 Requires EIP-1559 Table of Contents Simple Summary Abstract Motivation Specification Rationale Gas cost Backwards Compatibility Test Cases Nominal case Security Considerations Copyright Simple Summary Adds an opcode that gives the EVM access to the block’s base fee. Abstract Add a BASEFEE (0x48) that returns the value of the base fee of the current block it is executing in. Motivation The intended use case would be for contracts to get the value of the base fee. This feature would enable or improve existing use cases, such as: Contracts that need to set bounties for anyone to “poke” them with a transaction could set the bounty to be BASEFEE + x, or BASEFEE * (1 + x). This makes the mechanism more reliable, because they will always pay “enough” regardless of market conditions. Gas futures can be implemented based on it. This would be more precise than gastokens. Improve the security for state channels, plasma, optirolls and other fraud proof driven solutions. Having the BASEFEE as an input allows you to lengthen the challenge period automatically if you see that the BASEFEE is high. Specification Add a BASEFEE opcode at (0x48), with gas cost G_base. Op Input Output Cost 0x48 0 1 2 Rationale Gas cost The value of the base fee is needed to process transactions. That means it’s value is already available before running the EVM code. The opcode does not add extra complexity and additional read/write operations, hence the choice of G_base gas cost. Backwards Compatibility There are no known backward compatibility issues with this opcode. Test Cases Nominal case Assuming current block base fee is 7 wei. This should push the value 7 (left padded byte32) to the stack. Bytecode: 0x4800 (BASEFEE, STOP) Pc Op Cost Stack RStack 0 BASEFEE 2 [] [] 1 STOP 0 [7] [] Output: 0x Consumed gas: 2 Security Considerations The value of the base fee is not sensitive and is publicly accessible in the block header. There are no known security implications with this opcode. Copyright Copyright and related rights waived via CC0. Citation Please cite this document as: Abdelhamid Bakhta (@abdelhamidbakhta), Vitalik Buterin (@vbuterin), "EIP-3198: BASEFEE opcode," Ethereum Improvement Proposals, no. 3198, January 2021. [Online serial]. Available: https://eips.ethereum.org/EIPS/eip-3198. Ethereum Improvement Proposals Ethereum Improvement Proposals ethereum/EIPs Ethereum Improvement Proposals (EIPs) describe standards for the Ethereum platform, including core protocol specifications, client APIs, and contract standards.