Read full EIP on eips.ethereum.org(opens in a new tab)
Abstract
Reworks the excess blob gas update in calc_excess_blob_gas()
so that the blob base fee rises relatively more during high gas usage than it falls during low usage whenever the current fee is below the long-run average. This establishes a smoothly adapting, neutral lower bound for the base fee. The exponential moving average (EMA) is computed in the linear domain and stored as a header variable.