Ethereum founder Vitalik Buterin proposes fix for high gas fees
Crypto billionaire Vitalik Buterin has suggested a new short-term solution to curb soaring gas prices on the Ethereum network. The solution involves a new network upgrade that reduces the transaction calldata cost as well as limits the total transaction call data in a single block. Surging gas fee prices on Ethereum have constantly plagued the network where investors have been paying a very high transactional gas fee to execute a crypto transaction on the network. The explosive surge in gas fee prices has prompted many users to migrate to other cost-effective blockchain networks and has compelled many investors to ditch the network indefinitely.