Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: sirty143 on November 28, 2021, 10:47:07 PM

Title: Ethereum Devs Assess Reducing Data Transfer Cost 5x, EIP-4488 Becomes Possible S
Post by: sirty143 on November 28, 2021, 10:47:07 PM

(https://i.imgur.com/QgRymZsm.jpg)

The second leading crypto asset ethereum has been dealing with high fees since the end of June and today the average ethereum transaction fee is between $5 and $34 per transfer. While there’s been a lot of complaints about ether gas costs this year, Ethereum founder Vitalik Buterin has recommended an... See more for yourself here (https://news.bitcoin.com/ethereum-devs-assess-reducing-data-transfer-cost-5x-lower-eip-4488-becomes-possible-solution/).

Your opinion is greatly appreciated.

Title: Re: Ethereum Devs Assess Reducing Data Transfer Cost 5x, EIP-4488 Becomes Possible S
Post by: Senin on November 30, 2021, 01:17:39 PM

The problem of high transaction costs in the ethereum network has been ripe and overripe for a long time. Therefore, Buterin's proposal to introduce a separate improvement that can reduce the cost of transactions by five times will not be superfluous, even if, as a result of the general update of the ethereum network, they will still significantly decrease. There are so many ethereum clones already that the competition is going to be pretty tough. This is also good, it will force all blockchains to be constantly improved.