Ethereum co-founder Vitalik Buterin recently emphasized that as blockchain scaling technology matures, the cryptocurrency payment ecosystem is迎来 a major turning point. The industry leader pointed out that high transaction fees have been one of the main reasons for the decline in crypto payment enthusiasm over the past few years, and new generation solutions are changing this situation.
Transaction Fees: The Key Bottleneck for Crypto Payment Applications
Buterin stated that since 2018, the adoption rate of cryptocurrency payments in mainstream markets has significantly declined, with transaction cost issues playing an important role. High Gas fees make it difficult for ordinary users to accept, thereby limiting the frequency of crypto payments in daily transactions. This contradiction has long hindered the development of the Ethereum ecosystem.
According to Forkast, Buterin believes that the real breakthrough lies in the application of network scaling technologies. As these technical solutions mature, crypto payments will have the opportunity to re-enter mainstream applications.
The Cost Revolution Brought by Scaling Solutions
In the post-merge development phase, the Ethereum development team has shifted focus to network scaling. Buterin expects that with the gradual deployment of Layer 2 solutions and sharding technology, transaction fees will see a dramatic decrease. Specifically, future transaction costs are expected to drop to around $0.05, or even further optimized to the level of 0.2 cents.
Such cost levels will make small-value payments, cross-border transfers, and other application scenarios truly possible, reigniting user interest in crypto payments.
The Next Strategic Step for the Ethereum Ecosystem
Buterin’s outlook reflects the consensus of the Ethereum community: technological breakthroughs are necessary to revitalize the payment ecosystem. After the completion of the merge and the transition of Ethereum to a proof-of-stake mechanism, the entire ecosystem’s development focus is shifting from the consensus layer to the scaling layer, aiming to fundamentally solve the transaction cost problem.
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V God’s Outlook on the Post-Merger Era: How Expansion Technology Will Revitalize Crypto Payments
Ethereum co-founder Vitalik Buterin recently emphasized that as blockchain scaling technology matures, the cryptocurrency payment ecosystem is迎来 a major turning point. The industry leader pointed out that high transaction fees have been one of the main reasons for the decline in crypto payment enthusiasm over the past few years, and new generation solutions are changing this situation.
Transaction Fees: The Key Bottleneck for Crypto Payment Applications
Buterin stated that since 2018, the adoption rate of cryptocurrency payments in mainstream markets has significantly declined, with transaction cost issues playing an important role. High Gas fees make it difficult for ordinary users to accept, thereby limiting the frequency of crypto payments in daily transactions. This contradiction has long hindered the development of the Ethereum ecosystem.
According to Forkast, Buterin believes that the real breakthrough lies in the application of network scaling technologies. As these technical solutions mature, crypto payments will have the opportunity to re-enter mainstream applications.
The Cost Revolution Brought by Scaling Solutions
In the post-merge development phase, the Ethereum development team has shifted focus to network scaling. Buterin expects that with the gradual deployment of Layer 2 solutions and sharding technology, transaction fees will see a dramatic decrease. Specifically, future transaction costs are expected to drop to around $0.05, or even further optimized to the level of 0.2 cents.
Such cost levels will make small-value payments, cross-border transfers, and other application scenarios truly possible, reigniting user interest in crypto payments.
The Next Strategic Step for the Ethereum Ecosystem
Buterin’s outlook reflects the consensus of the Ethereum community: technological breakthroughs are necessary to revitalize the payment ecosystem. After the completion of the merge and the transition of Ethereum to a proof-of-stake mechanism, the entire ecosystem’s development focus is shifting from the consensus layer to the scaling layer, aiming to fundamentally solve the transaction cost problem.