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Vitalik Buterin says ‘more still needs to be done’ over high Ethereum txn fees


In a new blog post published on Feb. 28, Ethereum (ETH) co-founder Vitalik Buterin documented the continued need to improve the namesake network to better facilitate ETH as a means of payment. In one instance, Buterin shared how he tried to pay for tea for himself and friends at a coffee shop in Argentina in 2021, but had to pay 0.01 ETH (around $40 at the time) as that was the minimum deposit for the owner’s exchange account. “I did not mind the 3x overpayment and treated it as a tip,” the co-founder wrote.

In another instance, Buterin explained how how he tried to pay for tea at another location in 2022, but two separate transactions failed due to requiring “extra gas to process the transfer” and a UI glitch in his mobile wallet. Furthermore, Buterin also raised the issue of unpredictable transaction times, writing:

Ethereum median waiting times of block transactions. Source: Vitalik Buterin; Yinhong Zhao, Kartik Nayak

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