Ethereum co-founder Vitalik Buterin stated the need to create a decentralized gas futures market. In his view, such a tool would allow for hedging the risks of potential fee increases. Buterin drew attention to the community's skepticism regarding the future cost of transactions. Despite planned technical upgrades aimed at keeping fees low, users are seeking additional guarantees. According to the developer, a prediction market would solve such issues by: - providing a clear signal about market participants' expectations regarding gas prices; - allowing risk hedging through the actual prepayment of fees. Tezos co-founder Arthur Breitman joined the discussion. He reminded that users regretfully miss old mechanisms like Gas Tokens in vain—these solutions created vulnerabilities in network security. Buterin supported his colleague, drawing an analogy with other unpopular but significant protocol changes. As examples, he cited the introduction of a gas limit per transaction and the restriction of the SELFDESTRUCT function. Recall that on December 4, Ethereum developers rolled out the Fusaka update on the mainnet. Shortly after, a failure occurred in the popular consensus client Prysm, which took part of the network’s validators offline. $ETH
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Ethereum co-founder Vitalik Buterin stated the need to create a decentralized gas futures market. In his view, such a tool would allow for hedging the risks of potential fee increases.
Buterin drew attention to the community's skepticism regarding the future cost of transactions. Despite planned technical upgrades aimed at keeping fees low, users are seeking additional guarantees.
According to the developer, a prediction market would solve such issues by:
- providing a clear signal about market participants' expectations regarding gas prices;
- allowing risk hedging through the actual prepayment of fees.
Tezos co-founder Arthur Breitman joined the discussion. He reminded that users regretfully miss old mechanisms like Gas Tokens in vain—these solutions created vulnerabilities in network security.
Buterin supported his colleague, drawing an analogy with other unpopular but significant protocol changes. As examples, he cited the introduction of a gas limit per transaction and the restriction of the SELFDESTRUCT function.
Recall that on December 4, Ethereum developers rolled out the Fusaka update on the mainnet. Shortly after, a failure occurred in the popular consensus client Prysm, which took part of the network’s validators offline.
$ETH