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Vitalik Buterin suggest that the charges for the Wallet Gas fee for Transactions

Ethereum (ETH) co-founder Vitalik Buterin proposed that on March 8 a gas tender for Wallet transactions to support developers in a tweet.

Gas is a unit to measure the computational work of operating transactions or smart contracts in the aerial network, in which different quantities of gas are needed to execute different types of transactions. The price of gas is the price of ETH which a user wishes to pay for every unit of gas, which is measured in gas, while the gas limit represents the maximum amount of gas the user pays for transactions. In tweets, Buterin said:

β€œI propose we consider supporting a community norm that client/wallet devs can/should charge a 1 gwei/gas fee for txs sent through their wallet, we don’t try to circumvent such fees, and we support protocol changes to make such fees easier (eg. abstraction enabling multisends)”

Buterin, giving a comprehensive picture of the proposed change, said that the increase in the average user gas costs by about seven percent would increase funding for Wallet developers up to $ 2 million per year. Buterin explained his situation in detail:

β€œTo be clear, I am NOT advocating a norm *mandating* the 1 gwei fee. I am arguing for a norm discouraging overly complaining about and/or trying to circumvent the fee if/where it exists.”

A commentator on the formula said, “Multibit [bitcoin (Wallet)] tried this, it was a complete failure, the users were not ready to pay for what was previously free. There will be no upgrades. After all, the fee was dropped. Without a good way to pay for support and engineering, the development stopped on the wallet. ”

In March 2018, Buterin said that he was trying to solve the limited functionality of Bitcoin with the construction of Ethereum. Buterin compared bitcoin to a plot key calculator, which states that it does one thing and it does it well, while they believe that the Ethereum is more like a smartphone, which is the plot Almost all working apps, including working as key calculators, can run the app.

Last month, Ethereum Core Gods implemented Constantinople and St. Petersburg Network Upgrade, which was live on the main network in Block 7,280,000, according to the previously released schedule. Constantinople has been set up to improve efficiency on the platform, with some transaction fee involved in some operations on the Ethereum network.

3 Comments

  1. Melisa Melisa March 12, 2019

    Hi there! Such a good post, thank you!

  2. Lillian Lillian March 16, 2019

    Hey, how’s it going? I would never ever have believed of this–
    such a revitalizing angle!

  3. Beth Beth March 20, 2019

    Hi, I hope you are well. I really took pleasure in reading this blog.

    I eagerly anticipate your next post.

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