{"id":336613,"date":"2022-05-18T09:35:34","date_gmt":"2022-05-18T04:05:34","guid":{"rendered":"https:\/\/www.www.bullfrag.com\/vitalik-buterin-suggests-increasing-the-maximum-commission-on-ethereum-wallets\/"},"modified":"2022-05-18T09:35:34","modified_gmt":"2022-05-18T04:05:34","slug":"vitalik-buterin-suggests-increasing-the-maximum-commission-on-ethereum-wallets","status":"publish","type":"post","link":"https:\/\/www.bullfrag.com\/vitalik-buterin-suggests-increasing-the-maximum-commission-on-ethereum-wallets\/","title":{"rendered":"Vitalik Buterin suggests increasing the maximum commission on Ethereum wallets"},"content":{"rendered":"<div>\n<div class=\"resumen\">\n<h5 class=\"resumen_title\"><span class=\"ez-toc-section\" id=\"Hechos_clave\"\/>Key facts:<span class=\"ez-toc-section-end\"\/><\/h5>\n<ul class=\"resumen_list\">\n<li class=\"resumen_item\">\n<p>Raising default maximum fees would prevent delays in Ethereum, according to Vitalik Buterin.<\/p>\n<\/li>\n<li class=\"resumen_item\">\n<p>The developer expressed himself on social networks but did not officially propose anything, yet.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<p>Vitalik Buterin, co-founder of Ethereum and the main reference of its ecosystem today, assured that wallets should increase the default value for maximum commissions.  The current model, which he called &#8220;horrible,&#8221; creates delays in transactions, he assured him.<\/p>\n<p><strong>Buterin&#8217;s critique<a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1526213388426063874\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"> On twitter<\/a> points to default commission options<\/strong> that Ethereum wallets show by default to their users.  To cite an example, MetaMask offers three levels of fees to be paid at the time of making a trade: low, market or aggressive.  Each of them has a different cost and, based on what is paid, allows a transaction to be confirmed faster on the network.<\/p>\n<p>Buterin has questioned this last value, the one that in MetaMask they call an \u201caggressive\u201d rate and that in other wallets is directly classified as \u201chigh\u201d.  For the Russian-Canadian developer, <strong>setting the maximum base rate to a point just above the current base rate is horrible because it causes delays<\/strong> when the base rate increases right at the time of making a transaction.<\/p>\n<p>To avoid such problem, <strong>the developer asked to increase the value of this default maximum commission to more than 1.3x<\/strong> compared to the base rate.  &#8220;Although I would prefer more than 2x,&#8221; he doubled down.  As an additional argument to her position, <a href=\"https:\/\/github.com\/brave\/brave-core\/pull\/13228#issuecomment-1115145813\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">showed the changes<\/a> that Brave Wallet introduced in its Ethereum transaction fee policy.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><picture class=\"wp-image-327379\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/05\/opinion-vitalik-buterin-max-fee.png.webp 725w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/05\/opinion-vitalik-buterin-max-fee-269x300.png.webp 269w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/05\/opinion-vitalik-buterin-max-fee-560x625.png.webp 560w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20568%20633'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 568px) 100vw, 568px\"\/>\n<\/picture>\n<noscript><picture class=\"wp-image-327379\"><source type=\"image\/webp\" srcset=\"https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/05\/opinion-vitalik-buterin-max-fee.png.webp 725w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/05\/opinion-vitalik-buterin-max-fee-269x300.png.webp 269w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/05\/opinion-vitalik-buterin-max-fee-560x625.png.webp 560w\" sizes=\"(max-width: 568px) 100vw, 568px\"\/><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/05\/opinion-vitalik-buterin-max-fee.png\" alt=\"Vitalik Buterin gave his opinion on twitter about the commission settings of the ethereum wallet\" width=\"568\" height=\"633\" srcset=\"https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/05\/opinion-vitalik-buterin-max-fee.png 725w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/05\/opinion-vitalik-buterin-max-fee-269x300.png 269w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/05\/opinion-vitalik-buterin-max-fee-560x625.png 560w\" sizes=\"(max-width: 568px) 100vw, 568px\" title=\"\">\n<\/picture>\n<\/noscript><figcaption>Vitalik Buterin&#8217;s opinion on the maximum fees or commissions of Ethereum wallets. <br \/>Source: @vitalikbuterin\/ twitter.com<\/figcaption><\/figure>\n<\/div>\n<p>About the rationale for Ethereum wallet developers to choose the current values, Buterin assured that it is because &#8220;it looks bad in the user interface to show a higher fee&#8221;.  However, he opined that &#8220;there must be better ways to deal with this problem.&#8221; <strong>For example, he said, present the fee not as $4.25 but as $3-6.<\/strong> That is, using a range to &#8220;cover&#8221; the payment of higher fees.<\/p>\n<p>In the responses to his proposal (which is not official, but he barely commented on it on Twitter), <strong>several users criticized Buterin&#8217;s idea. <\/strong>For example, <a href=\"https:\/\/twitter.com\/BakankyBro\/status\/1526216244831059969\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">one of them<\/a> he opined that &#8220;people don&#8217;t want to spend $40 to send $400&#8221; and that &#8220;it&#8217;s not an &#8216;excuse,&#8217; but rather a problem with their product,&#8221; referring to Ethereum.<\/p>\n<p>On the other hand,<a href=\"https:\/\/twitter.com\/lisboa_misael\/status\/1526216979983613953\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"> another user<\/a> criticized the move to &#8220;camouflage&#8221; the payment of higher commissions to Ethereum miners by showing ranges instead of concrete values.  \u201cPeople are avoiding Ethereum transactions due to these programmed attitudes,\u201d she maintained.<\/p>\n<h2 id=\"h-asi-manejan-las-tarifas-las-wallets-de-ethereum\"><span class=\"ez-toc-section\" id=\"Asi_manejan_las_tarifas_las_wallets_de_Ethereum\"\/>This is how Ethereum wallets handle fees<span class=\"ez-toc-section-end\"\/><\/h2>\n<p>When using MetaMask to make a transaction at the time of writing this article,<strong> the wallet set a default maximum fee of 0.00051925 ETH <\/strong>for transactions with high or \u201caggressive\u201d fees.  This is equivalent, according to the CriptoNoticias price index, to USD 0.85.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" alt=\"Ethereum transaction fee options according to metamask\" class=\"wp-image-327369\" width=\"701\" height=\"489\" srcset=\"https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-1024x713.png 1024w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-300x209.png 300w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-768x535.png 768w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-560x390.png 560w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-750x522.png 750w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-1140x794.png 1140w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum.png 1238w\" data-lazy-sizes=\"(max-width: 701px) 100vw, 701px\" src=\"https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-1024x713.png\" title=\"\"><noscript><img decoding=\"async\" src=\"https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-1024x713.png\" alt=\"Ethereum transaction fee options according to metamask\" class=\"wp-image-327369\" width=\"701\" height=\"489\" srcset=\"https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-1024x713.png 1024w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-300x209.png 300w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-768x535.png 768w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-560x390.png 560w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-750x522.png 750w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum-1140x794.png 1140w, https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/04\/propuesta-modificar-max-fee-monederos-ethereum.png 1238w\" sizes=\"(max-width: 701px) 100vw, 701px\" title=\"\"><\/noscript><figcaption>The \u201cmax fee\u201d value is what Vitalik Buterin proposes to change in Ethereum wallets.  Source: Screenshot \/ CriptoNoticias<\/figcaption><\/figure>\n<\/div>\n<p>On the other hand, making a transaction with lower commissions using the &#8220;low&#8221; or &#8220;market&#8221; commission options (which would mean a greater delay in its confirmation), cost a little less (between USD 0.79 and 0.82). .<strong> These values \u200b\u200bare constantly changing and can be much further apart<\/strong> when the network is more congested, as this newspaper has reported on previous occasions.<\/p>\n<p>In summary, <strong>what Buterin proposes is to increase the &#8220;ceiling&#8221; of the first value,<\/strong> that of the &#8220;aggressive&#8221; rate.  That way, if a user wants to pay more to get their transaction confirmed faster, they&#8217;ll already have a default option to do so.  In addition, if the network conditions change just when making the transaction, paying a higher commission will prevent it from being delayed and unconfirmed.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key facts: Raising default maximum fees would prevent delays in Ethereum, according to Vitalik Buterin. The developer expressed himself on social networks but did not officially propose anything, yet. Vitalik Buterin, co-founder of Ethereum and the main reference of its ecosystem today, assured that wallets should increase the default value for maximum commissions. The current<\/p>\n","protected":false},"author":68,"featured_media":336614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3394],"tags":[13910,6096,3769,13272,6476,7410,13911,4470],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.criptonoticias.com\/wp-content\/uploads\/2022\/05\/aumentar-maximo-comisiones-ethereum-vittalik-buterin.jpg","_links":{"self":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts\/336613"}],"collection":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/users\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/comments?post=336613"}],"version-history":[{"count":0,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts\/336613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/media\/336614"}],"wp:attachment":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/media?parent=336613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/categories?post=336613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/tags?post=336613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}