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Ethereum’s Dencun Upgrade May Reduce Gas Fee

Published 03/12/2024, 12:00 AM
Updated 03/12/2024, 12:15 AM
Ethereum’s Dencun Upgrade May Reduce Gas Fee
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  • Vitalik shares an update on the upcoming EIP-4844 Dencun Upgrade and promises significant gas fee reductions.
  • Vitalik responds to Twitter user T.Rowe’s plea for lower gas fees with upcoming hard fork solution.
  • Rollups and EIP-4844 aim to enhance Ethereum scalability, potentially making it more competitive.

Vitalik Buterin the co-founder of Ethereum took to X platform to respond to a crypto community member asking him to “concentrate” on lowering the gas fees. Vitalik shared a screenshot that stated that the hard fork in the upcoming 3 days will help reduce the gas fees.

The crypto community member is a lawyer in the cryptocurrency space and goes by the username of T.Rowe on X.

The feud started earlier on Sunday, March 10th when Vitalik tweeted “Abolish daylight savings time”. The crypto lawyer responded to Vitalik’s tweet by asking him to reduce the gas fees so much that it is feasible to buy $50 worth of [expletive] coins without spending a “$200 gas fee”.

In response to the user’s requ…

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