Ethereum co-founder Vitalik Buterin recently addressed the thorny issue of transaction fees on layers 1 and 2 of the network. Faced with growing congestion, it proposes innovative ways to balance costs and maintain the attractiveness of the crypto ecosystem.
Buterin aims for a balanced approach for L1/L2 fees
Ethereum co-founder Vitalik Buterin addressed the issue of transaction fees on layers 1 and 2 of the network. As blockchain approaches its technical limits, Buterin outlines ways to maintain a balanced and accessible ecosystem.
Buterin highlights the importance of a balanced fee structure across layers 1 and 2 of Ethereum. According to him, it is essential to maintain reliable and non-zero fees on both levels, while ensuring a low variance in the ratio between them. This approach aims to avoid unpredictable fluctuations that could destabilize the ecosystem and to ensure an optimal user experience.
The challenge is multidimensional, affecting the economic, technological and cultural aspects of the network. Buterin emphasizes the need to preserve a sense of unity within the Ethereum community, despite the growing diversity of Layer 2 solutions.
This cohesion requires not only technical interoperability, but also the sharing of common values and an aligned economic vision for the entire ecosystem.
Ethereum, concrete solutions in perspective
To respond to these challenges, Buterin highlights two promising avenues. The first is EIP-7762, a protocol enhancement aimed at making blob fees more predictable. Launched at the end of August 2024, this proposal builds on the advances of EIP-4844 to optimize block pricing.
The second track concerns the “ fee-based rollups “. These innovative Layer 2 solutions would align their economic rules with those of the main network, thus promoting better integration. Buterin also points to other cost-sharing models as “interesting starting points” for solving the complex pricing equation.
These reflections come against a backdrop of a sharp rise in fees on Ethereum. After several months of decline, transaction costs have tripled over the last 30 days, reaching an average of $2.25 per transaction. This situation highlights the urgency of finding lasting solutions to guarantee the accessibility and efficiency of the network in the long term.
By proposing these avenues, Vitalik Buterin once again demonstrates his desire to evolve the Ethereum network in the face of the challenges of its massive adoption. The future will tell whether these approaches will make it possible to sustainably resolve the issue of fees, a crucial issue for the future of crypto.
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