Ethereum network in a fee spin: Can the Berlin upgrade save the day?

By Shiraz Jagati

The upcoming Berlin update contains EIPs aimed at reducing transaction costs, but it may not provide a long-term solution.

Though Ether’s (

On paper, the upgrade seems like a welcome change, however, it’s expected to reduce reward ratios by a whopping 50%, something that has irked Ethereum’s mining community so much that many have even advocated for a demonstrative network takeover — potentially threatening the security of the network.

Thus, with all of these moves aimed at fixing the fees issue laid out on the table, it remains to be seen how the Ethereum network will handle the increasing demand and if it can deliver a solution that is welcomed by all in a speedy manner.

Source:: https://cointelegraph.com/feed