Vitalik Buterin called reasonable commissions no higher than $0.05 in L2 solutions

in buterin •  3 years ago 

To be "really acceptable", the commissions of L2 solutions on the Ethereum network should not be higher than $0.05. This point of view was given by the co-founder of the blockchain Vitalik Buterin.

Buterin reacted to a tweet by Bankless editor Ryan Sean Adams, in which he cited L2Fees data on the current level of commissions. They allow users to save up to 99.2%.

The cost below $0.05 is offered only by the Metis Network project. Others in the list will require costs in the case of sending ETH from $ 0.12 to $0.85 and from $0.71 to $1.19 — when exchanging tokens, while in the Ethereum network the user will have to spend $2.38 and $11.92, respectively.

According to Buterin, a lot of progress has been made at present. He attributed further improvements to the launch of protodanksharding (EIP-4844), an intermediate phase before the transition to sharding.

The solution will allow using a new type of transactions with the transfer of large binary objects containing additional data that EVM cannot access. Vitalik Buterin became one of the co-authors of this concept.

In 2017, Buterin said that transactions on the Internet money network should be no more than $0.05. In January 2022, he reaffirmed his commitment to this benchmark, noting efforts to increase scalability.

Recall that in December 2021, Buterin presented a roadmap for the development of Ethereum. The ZK-Rollups technology took the central place in it.

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