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Posted on by BitcoinLifestyle.com

Ethereum Developers Consider New Fee Model as Gas Costs Climb

Ethereum Developers Consider New Fee Model as Gas Costs Climb

The Takeaway: Demand to transact on the Ethereum blockchain has pushed fees to uncomfortable levels. A new technical proposal helps address high fees by implementing a dynamic pricing system. Called EIP 1559, Ethereum users would now pay a set “base fee” to the network plus a tip to miners.







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