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Ethereum developers discuss possible solutions to high gas fees

September 5, 2020

A call from All Ethereum Core Developers was held on Friday to discuss various suggestions for improving Ethereum. because gas prices in the network remain historically high.

There were several items on the agenda about high gas prices and ways to mitigate this problem. Alexey Akhunov, an independent Ethereum researcher, It started with a comment on the existence of gas brands and how they could drive prices higher than normal.

He highlighted that the mempool is usually full of transactions that offer a certain price of gas to mint those tokens. and he likened this approach to exchanging order books in which traders try to move forward with cheaper orders. But after him The fact that gas orders cannot be easily canceled could keep prices artificially high as drops are bought by default.

Ethereum developers discuss possible solutions to high gas feesEthereum developers discuss possible solutions to high gas fees

While a proposal to repeal the refund mechanism underlying the gas brands was on the table, Akhunov admitted that the size of the coinage was only about that 2% of the current gas consumption. This would suggest that negative posts might be limited in size, but he said that I would need to find more data before formally looking into the options to remove this mechanism.

The other issues were less immediate with regard to the gas price discussion. One of these was a recently unveiled EIP promoted by Ethereum co-founder Vitalik Buterin and core developer Martin Swende.

Presented as EIP-2929, the proposal significantly increases gas costs for certain storage operations. However, This serves to protect against possible DoS attacks (Denial of Service). Because of the details of the change, some operations may become cheaper. However, Akhunov was skeptical of some of the more complex changes and waivers associated with this proposal. and he suggested discussing these subtleties further.

The increase in gas costs doesn’t seem intuitive in today’s environment, but this could help Ethereum developers feel more confident about future gas cap increases. The strong threat posed by DoS attacks previously prevented the implementation of more aggressive extensions.

Another EIP that could have the greatest impact on the overall user experience is EIP-2711. The proposal could allow an account to pay someone else’s transaction fee, create batch transactions that are guaranteed to be executed in the order in which they were submitted, and an automatic time limit for transactions that reach the mempool.

This last change could also lead to gas savings as such systems are already implemented in an application layer on platforms such as Uniswap., said developer Micah Zoltu. If you do this through smart contracts, the transaction will still be listed as a failed transaction. Under this proposal, it would simply be eliminated after its expiration.

However, The proposal has only been discussed initially and no decision has yet been taken.

Usually, These changes are discussed mainly for the inclusion in the Berliner Gabel, which was originally expected for this summer. However, many proposals have yet to be tested and approved, which suggests that this tough fork is still a long way off.

For the moment, The fee market for Ethereum will continue to be at the mercy of growing demand.

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