MultiversX Tracker is Live!

Why burn gas fees (32 Gwei)? How did this proposal get passed? What do you think could have been done with the base tx fee?

Etherum Reddit

More / Etherum Reddit 281 Views

I’m sorry if this is a naive question, but I’m trying to understand better.

I love the projects built on top of Ethereum and think the ecosystem is incredible. I’ve been doing some quests on rabbithole.gg to get a better understanding of the ecosystem and have had loads of fun. But as a student and having only entered the space recently I don’t own massive amounts of ETH, as such these gas prices are killing me.

It’s not really that I mind having gas prices (I kind of see it as paying to access the internet) but the fact that 32gwei gets destroyed is difficult to think about.

Imagine that base fee got sent to a DAO-based treasury that could fund developers/projects and each month the eth-community could vote on which project would receive funding… That would be pretty cool.

What do you think could be a better use of the base fee instead of burning it? Maybe sending it back to the user?

I get burning makes it deflationary, but is that the only benefit of burning eth?

submitted by /u/lil_bo_sleep
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments