- Vitalik Buterin addresses gas fee concerns, cites upcoming hard fork.
- Cryptocurrency attorney T.Rowe challenges Vitalik on high transaction costs.
- Ethereum’s EIP-4844 aims to enhance scalability, reduce fees with proto-dank sharding.
Vitalik Buterin, Ethereum’s co-founder, used X platform to reply to a member of the cryptocurrency community who urged him to focus on reducing gas fees. He posted a screenshot indicating that the gas fees would be lowered due to a hard fork scheduled to occur in three days.
The member of the cryptocurrency community, who is an attorney specializing in the area of digital currencies, uses the pseudonym T.Rowe on platform X.
The conflict began on Sunday, March 10th, when Vitalik posted a tweet saying, “Abolish daylight savings time.” In reaction to this tweet, the cryptocurrency attorney challenged Vitalik to lower the transaction fees so that purchasing $50 of worthless tokens wouldn’t incur a transaction cost of $200.
Addressing the user’s desire for reduced gas fees, Vitalik directs attention to the forthcoming EIP-4844, known as the Dencun Upgrade. This significant update, EIP-4844, will implement proto-dank sharding, leading to scalability and reduced costs across the ecosystem.
Rollups are considered a method to enhance Ethereum’s scalability by transferring certain transactions away from the primary Ethereum blockchain. It is anticipated that EIP-4844 will reduce gas fees significantly, potentially making Ethereum more competitive compared to other blockchains.
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