No more problems? Ethereum starts unexpected reform
In a crypto ecosystem, in permanent search for efficacy, Ethereum is preparing to transform its price logic. The EIP – 7999 project offers a deep reworking of the cost. This change is much more than a technical adaptation: it is a strategic relocation of the first programmable blockchain against its challenges.
In short
- EIP – 7999 unifies Ethereum costs in a single ceiling to simplify crypto transactions and improve the user interface.
- The aim of EIP – 7999 is to strengthen the competitiveness of Ethereum against solutions to Solan, Avalanche and L2.
- If the implementation of the EIP – 7999 succeeds, the Ethereum could consolidate its dominant position in the ecosystem.
United Ethereum Cost: The promise of a simplified crypt experience
Today Each ETH transaction means a combination of costs associated with different sources:
- Calculation;
- Storage;
- Bandwidth.
Ethereum EIP – 7999 is a conceptual novelty: a unified market with multidimensional costs. The crypt user no longer has to define a specific price for each type of source … simply indicates a global maximum amount that covers all uses.
The aim of this model is to remedy certain Rigidity EIP – 1559, received in 2021, which only covers the costs associated with the design. By simplifying the method in which the costs are exposed to users, the EIP-7999 focuses on ensuring that the Ethereum network is more intuitive and less intimidating for uninitiated without giving up transparency. Design also wants to improve the allocation of resources on the side of Validaterur, by facilitating the priority of crypto transactions.
Face in the face of the sole and avalanche, counterattacks of Ethereum
Performance race was not so alive in the crypto of the universe. Solana, Avalanche and more layer solutions no longer hesitate to offer more smoother, cheaper and sometimes more scalable experiences than the main Ethereum network. The design of the EIP – 7999 comes in this context with increased competitive pressure.
Dencun’s previous upgrade has already reached a significant decrease in the cost of L2. The EIP-7999 therefore expands this logic of cost optimization, but this time it focuses on the cost architecture itself. For Ethereum, this reform is the same lever for competitiveness as the next step towards the infrastructure capable of supporting mass crypto adoption.
EIP – 7999: A secret weapon that could drive the Ethereum upstairs
By screening the potential effects of EIP – 7999, two scenarios appear.
- On the one hand, simplifying Ethereum fees management could stimulate admission, improve user experience and reduce the fragmentation of the market with resources;
- On the other hand, this mutation of the economic model causes technical and political problems.
Valinators will have to adjust their strategies of blocking the block; The protocol should ensure that this global ceiling system remains motivation for the ecosystem. The success of this development will depend on its technical implementation and the adoption of the community. If these conditions are met, the Ethereum could strengthen its leadership in the sector crypto. Otherwise, he could leave the angle of attack on his more agile opponents.
EIP – 7999 is therefore not limited to marginal improvement. It redefines the relationship between the user, the protocol and the sources in the network that has become central to the decentralized economy. While Crypto Universe continues to be structured alone, ETH plays the main card of its future, a few days after introducing the final weapon against the quantum threat: Ethereum Lean.
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The world is evolving and adaptation is the best weapon that survives in this undulating universe. I am interested in everything about blockchain and its derivatives. To share my experience and promote an area that fascinates me, nothing better than writing informative and relaxed articles simultaneously.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.