According to a latest tweet posted by Ethereum’s co-founder, Vitalik Buterin, a new solution towards countering the issue of rising gas fee on the Ethereum is expected to be brought up soon.

Focus on Scalability

In hopes of solving the ongoing issue of high gas fee on the Ethereum network, a new and unique sort of transaction method is to be introduced. Co-founder of Ethereum, Vitalik Buterin mentioned on twitter that another hard fork is expected to arrive that help to optimize the availability of the network before the process of complete sharding. Vitalik specifically stated that multiple proposals have been submitted for the addition of “blob-carrying transactions” that bring a new level of scalability until the completion of sharding.

A new transaction method might show up in the coming time that would represent the concept of sharding, but not actually implement it. This would help to bring an interim solution that would act until the transactions would be completely used in the sharding process, bringing short-term scalability of around 2MB for each slot to rollups and urging market prices to stay low until the process has been fully implemented.

Time is needed

Analysts at JP Morgan have been speculating in their latest reports that the completion of the sharding process, that is very crucial to maintain the Ethereum network, still needs another year more to fully finish, concluding that the sharding process will take its time. The idea of sharding has been around since the year 2013, which is expected to be integrated as the Ethereum network moves towards proof-of-stake methodology. The sharding process would bring a lot of benefits that include the addition of nearly 16 MB for each block that rollups would utilize.

The Urge for Improvement

Developer at Ethereum, Tim Beiko shared that gas fee on Ethereum has been on the higher side for a long time and the team is working hard to bring new solutions that would help to solve this problem and assist the eco-system to shift towards rollups. Rollups have been seen as the vital solution that would help to solve the issue of abnormal gas fee rates, however, despite rollups aiding the network in price reduction, that reduced price would still seem high to the average Ethereum trader.