03:25 Aug 17, 2022 zkSync to Introduce Dynamic Fees
Ethereum Layer2 scaling solution zkSync announced that it will introduce dynamic fees. The new fee model is similar to Ethereum's with L2-specific modifications. Each transaction will be priced based on the resources consumed. To differentiate from the standard “gas,” the measurement unit of dynamic fees is called “ergs.” In addition, the new fee model will support EIP-1559.
Source Get the most concise crypto news, research, and insights by subscribing to our free newsletter.
Related News
Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block Morph CEO Cecilia Hsueh stepping down with ex-Binance exec to take over Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum Ethereum developers activate Pectra upgrade with 11 changes to improve UX, validator ops and Layer 2 scaling Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem 1 Day Ago Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
4 Days Ago TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
July 4 Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
July 3 North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
July 3 JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global