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Ethereum Developers Discuss Possibilities To Solve High Fees

Ethereum developers during the next conference call discussed the problem of a sharp increase in transaction fees and the possibility of solving it. Cointelegraph.

Independent researcher Alexei Akhunov raised the issue of the role of gas tokens in the growth of transaction fees.

According to him, in the mempool there are often many transactions with a certain gas price, which are designed to issue such tokens. The researcher compared this to an exchange order book, where traders try to buy assets at low price points by placing appropriate orders. According to Akhunov, such transactions are not easy to cancel and this leads to an artificial increase in the price of gas.

The gist of one of the proposals is to eliminate the cost recovery mechanism that makes gas tokens possible. Akhunov stressed that the creation of such tokens accounts for only about 2% of the current expenses of the times.

Also, the developers discussed the proposal EIP-2929put forward by Ethereum co-founder Vitalik Buterin and developer Martin Suende. It implies a significant increase in the cost of gas for some storage operations.

This approach helps protect the network from potential DoS attacks. Its implementation can reduce the cost of some other operations. Akhunov noted that some of the nuances of EIP-2929 require further discussion.

In addition, the developers discussed EIP-2711. Its essence is to enable one account to pay commissions to another. It also assumes the option of creating batch transactions with guaranteed execution order. No specific decisions have yet been made regarding this EIP.

The proposals are considered in the context of their subsequent inclusion in the Berlin update, the launch of which should have taken place summer.

Recall that the other day the average size of the transaction commission in the Ethereum network exceeded $ 10.

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