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

To be “really acceptable”, the fees of L2 solutions on the Ethereum network must be no higher than $0.05. This point of view was brought by blockchain co-founder 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 on the list will incur costs when sending ETH from $0.12 to $0.85 and $0.71 to $1.19 when exchanging tokens, while on the Ethereum network the user will have to spend $2.38 and $11.92, respectively.

According to Buterin, great progress has now been made. He attributed further improvements to the launch of protodunksharding (EIP-4844), an interim phase before moving on to sharding.

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

In 2017, Buterin stated that transactions in the “Internet money” network should be no more than $0.05. In January 2022, he reaffirmed his commitment to this milestone, noting efforts to increase scalability.

Recall that in December 2021, Buterin presented a roadmap for the development of Ethereum. ZK-Rollups technology took center stage.

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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