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Ethereum gas soars one day after the Berlin hard fork

On the day after the Berlin hard fork of the Ethereum network took place, the gas consumption of the transactions had a strong increase. During the April 15 update day, the costs remained below 100 gwei; However, in the early hours of Friday 16 the rise began, which had a ceiling of 276 gwei.

This has generated many complaints from various users. To graph it with an example, a gas transaction with a price of 276 gwei could cost about 0.0058 ETH (USD 14), according to the references provided in Ethereum Price.

Meanwhile, the Average commissions at the time of writing this note are 138 gwei (USD 7.10) according to Gas Tracker. Hours ago, the Metamask wallet suggested a commission of USD 14.95 for shipments in average time, well above the USD 3 of reference yesterday, according to user reports.

The raises are not necessarily a consequence of Berlin . Yes, they could be due to a network saturation, possibly caused by massive ether purchases and shipments to private wallets. The recent rise in the price of the cryptocurrency seems to support this theory.

While one of the goals of the Berlin fork is to better manage the gas used to transact on the Ethereum network, This can only be achieved in the medium term.

This network update will lead to a “Superior” which is expected in mid-2021 , as reported by CriptoNoticias, and will bear the name “London”. On this occasion, the Ethereum EIP-1559 improvement proposal will be included, which directly addresses the issue of gas consumption in transactions.

Fees on Ethereum increased sharply on April 16, a day after the Berlin update. Source: Ethereum Price

Originally, Berlin was planned for June 2020 , but various inconveniences related to the centralization of the Geth client, in which they operate Most of the Ethereum nodes, forced to postpone it for several months.

Even in the start-up of the fork, problems occurred, since synchronization failures were reported in the Open Ethereum client during the first hours.

With Berlin, high commissions remain a pending issue

Berlin was completed at the height of block 12,244,000 of the main Ethereum network, and its main purpose is to improve the performance of network and contracts , as well as increase its security and reduce operating costs.

To do this, it incorporated four Ethereum improvement proposals. One of them is the EIP-2565, which aims to improve the algorithm of the ModExp precompiled contracts or modular exponentiation, which would also reduce their costs.

Another improvement is the EIP-2929, the which increases gas consumption in the first transaction to activate storage access codes such as Sload, Call, Balance, Ext and Selfdestruct. This is necessary, according to experts, to prevent DDoS attacks.

The remaining two are the EIP-2718, which will serve to standardize and encompass different types of transactions on the network, and the EIP-2930 , which will give the possibility of programming a future transaction through “templates” created from EIP-2718 to use a lower rate than EIP-2929.

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Sandra Loyd
Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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