Ethereum $3,678.40 The founder, Vitalic Botter and Developer Anders Elowsson, presented a new offer to make the network transaction fees more understandable and easy to make. This proposal, called the EIP-7999, aims to combine the existing multidimensional structure of the trading fees in Ethereum under a single wage roof.
Innovative offer in the fee model
With the proposal, it may be possible to determine a single “maximum fee” instead of calculating a separate fee for each transaction to be performed on the network. This approach aims to simplify the processing process and reduce users’ risk of making mistakes. It will provide a common pricing to all resources covering unique charge, calculation, storage and data usage.
The new model has been developed in inspired by previously implemented EIP-7706 and gas normalization research. Vitalik Boder and his teammates believe that this approach can make the user experience more compatible with the protocol design of Ethereum.
“EIP-7999 will bring a unifying and simplifying approach to wages for different transaction resources, V Vitalik Botterine and Developer Anders Elowson, the founder of Ethereum.
Wage Problem and Past Developments
The height and unpredictability of the transaction fees in Ethereum has frequently raised in recent years. In the periods of the network, especially in 2017 and 2021, the average transaction fees increased over $ 50. This caused both costs to increase and delays during transactions.
Although the EIP-1559 update in Ethereum 2021 has passed to the base fee system, it could not fully prevent wage fluctuations during heavy traffic periods. With the raise of Dencun, which came into force in March 2024, there were significant decreases in the processing costs of scalability and layer-2 networks.
Thanks to these upgrades, a 95 percent decrease in the average annual transaction fees was observed. However, in 2024, Ethereum continued to be a platform with the highest network wage income with US $ 2.48 billion. On the other hand, opponent networks such as Tron and Solana are on their way to providing advantages in processing fees.
The opinion of the community and future steps
The EIP-7999 proposal continues to be discussed by community and technical teams. If approved, it is stated that Ethereum will have a more user -friendly and efficient system for transaction fees.
“The new wage structure, which is expected to take steps to increase user experience and capital efficiency, can take Ethereum one step further than its competitors,” Vitalik Boder said.
In the statements, such innovations are also important for Ethereum’s competitive position. The EIP-7999 is seen as a milestone in simplifying wage analysis and network processing structure.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
