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    Home » Vitaly Buterin proposes to raise commissions on the Ethereum network to finance developers

    Vitaly Buterin proposes to raise commissions on the Ethereum network to finance developers

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    By BlockchainJournal on March 8, 2019 News
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    The creator of Ethereum, Vitalik Buterin, came up with a new initiative, suggesting an increase in user commissions in order to provide stable financial support to developers of various clients and wallets.

    He wrote about this on Friday, March 8, on Twitter:

    I’m looking at what I’m not counting for (eg. abstraction enabling multisends)

    – Vitalik Non-giver of Ether (@VitalikButerin) March 8, 2019

    "I propose to consider the possibility of supporting the idea of introducing a norm for the community, providing that customers and wallets can and should take a gas commission of 1 gwei when sending transactions," he wrote.

    As Buterin suggests, even with such a modest, but constant commission (at the moment $ 0.01 is about 73,000 gwei), the developers of wallets and popular network customers will be able to receive from the community an additional up to $ 2 million a year.

    He also noted that although his proposal is not mandatory, if it is accepted as the norm, this amount will exceed all current grants that Ethereum Foundation allocates for project development.

    The community response was mixed. So, the user Ken Hodler responded that in the past such a scheme tried to implement the Bitcoin wallet MultiBit, but the idea failed.

    Multibit tried this. It was an utter failure. It was previously free. No one would upgrade. Eventually, the fee was removed. Without a good way to pay.

    – Ken Hodler (@bgok) March 8, 2019

    “Users did not want to pay for what was previously free. Nobody wanted to be updated, and in the end this commission was removed, ” he wrote.

    Nevertheless, in the commentary of CoinDesk, Buterin insists that the community has generally accepted his proposal favorably, and he hopes that soon this option will be included in the wallets.

    Earlier this week, CEO Parity Technologies Jutta Steiner said that after the recent hard forks Constantinople had the technical ability to restore access to $ 62 million, which were frozen in November 2017 as a result of a vulnerability in a client being developed by the company.

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