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by jniedrauer
1864 days ago
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That is correct, to run an on-chain transaction is fairly expensive. There is a lot of ongoing work to address this: Layer 2 solutions like optimistic rollup, arbitrum, etc. EIP-1559 itself will address this problem on layer 1. But the ecosystem is not mature yet. If/when the scaling problem is finally solved, the legacy financial system will change rapidly. |
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1559 addresses fee stability and will help reduce fee spikes. It's purpose is not to reduce fees in general.