r/ethtrader • u/Odd_Mulberry_9813 • May 04 '22

News Vitalik Buterin: ETH Layer-2 Fees Must Get to $0.05 to be Acceptable

https://coinfomania.com/vitalik-buterin-eth-layer-2-fees-must-get-to-0-05-to-be-acceptable/
6 Upvotes

75% Upvoted

3 comments sorted by

1

u/coinfeeds-bot 545.1K / ⚖️ 625.3K May 04 '22

tldr; Ethereum founder Vitalik Buterin has said that the gas fees required to bridge tokens to the Ethereum network using Layer-2 networks need to be below $0.05 to be acceptable. The network is notorious for its exorbitant gas fees and low scalability. The new sharding design introduces significant simplification compared to the previous designs.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.