- Vitalik Buterin and developer Anders ELOWSSON have introduced EIP-7999, a proposal for the introduction of a multi-dimensional fee market for Ethereum.
- The crypto community reacted positively to the proposal,many see it the key to faster growth and faster acceptance of the blockchain.
- Eric Trump, EPP of the Trump Organization, agreed to the entrepreneur Ted Pillows’ assessment that ETH was undervalued.
Vitalik Buterin,co -founder of Ethereum (ETH) continues to try to revise Ethereum’s fee structure. Together with the developer Anders Elowsson, he presented the EIP-7999 proposal that the network should introduce a uniform multidimensional fee market.
Why the multidimensional fee is important for ethereum
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“Transactions are intended to define a total fee for several resources that standardize fee markets, Gas normalize and generalize EIP-7918, ”said Elowsson in his Description of the proposal.
EIP 7999 proposal (source: Anders ELOWSSON via Ethereum Magicians)
According to Ellowsson, a multi-dimensional fee market simplifies the payment of gas fees for various resources used in an Ethereum transaction. The network would treat the maximum fee as fungi between the resources. In this way, users no longer have to juggle several fees for arithmetic, memory or data resources.
The developer emphasized that the uniform structure enables “more efficient use of capital and ensures the same presentation that users have in the interaction with Ethereum”. The simplified model also enables users to save fees, since the system automatically finds a way to divide the uniform fee to different network resources. In addition,the framework paves the way for a better predictable pricing of transactions and price stability in the entire network.
The proposal must still be checked and discussed by the community.
Crypto community reacts
Members of the crypto community have unanimously responded to the proposed upgrade. For them it is a meaningful enhancement in the user experience and scalability. At the same time, the intelligent pricing of developers encourages more efficient decentralized applications (
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Eric Trump, Executive Vice President der Trump Organization und Sohn von US-Präsident Donald Trump, meinte, dass ETH, die native Währung von Ethereum, unterbewertet ist. In einem aktuellen Beitrag auf X stimmte er der Einschätzung von ted Pillows, einem unternehmer und OKX-Partner, zu, dass der Token das Wachstum von M2 (Geldmenge) noch nicht widerspiegelt. Da ETH in Bezug auf die globale Liquidität aufholt, meinte Pillows, dass die digitale Währung jetzt bei 8.000 Dollar pro Token gehandelt werden sollte.Er meinte,dass ETH langfristig M2 folgt.Daher wäre es keine Überraschung, wenn der Preis bald weiter nach oben geht. Die in diesem Artikel dargestellten Fakten dienen nur zu informationszwecken und sollten von den Lesern nicht als Finanzberatung oder Produktempfehlungen des Autors oder des Blockzeit-Teams interpretiert werden. What’s your reaction? +1 0 +1 0 +1 0 +1 0 +1 0 +1 0 +1 0 
Eric Trump stimmt auf X zu, dass ETH unterbewertet ist
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