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Ethereum Plans Simpler Gas Payments, Opening Door to Fees Without ETH

Source
Uk Jin

Summary

  • Ethereum said it will significantly improve the convenience of paying transaction fees, or gas fees.
  • It said it has decided to include Frame Transactions (EIP-8141) in the Hegotá upgrade scheduled for 2027.
  • It said the introduction of Frame Transactions would make it possible to pay gas fees with stablecoins and other digital assets.

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Photo: Shutterstock
Photo: Shutterstock

Ethereum is moving to make transaction-fee, or gas-fee, payments far more convenient. In the future, users may be able to pay gas fees with stablecoins and other digital assets without holding Ether directly.

CoinDesk reported on September 7 that Ethereum core developers decided on August 27 to include Frame Transactions, or EIP-8141, in the Hegotá upgrade scheduled for 2027.

At present, all transaction fees on Ethereum must be paid in Ether. As a result, users cannot transfer stablecoins or other digital assets from a wallet if it does not also hold ETH.

If Frame Transactions is introduced, the account approving a transaction can be separated from the account paying the fee. That would allow a payments application to pay gas fees in Ether on a user's behalf, or receive stablecoins from the user and settle the fee with that amount.

Ethereum co-founder Vitalik Buterin wrote that important progress on Frame-related work has been taking place quietly over the past few months.

#Ethereum Upgrade
Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

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