Ethereum developers push to overhaul fee model to improve user experience

Description

Ethereum developer Anders Elowsson has proposed a unified multidimensional fee market for the Ethereum network. This builds on a previous proposal by the network co-founder Vitalik Buterin for the network to have a multidimensional fee market. According to the proposal, Ethereum can achieve capital efficiency by unifying all fee mechanisms on the network. This will be achieved by allowing each transaction to specify the maximum amount it can pay for inclusion, and the fee is applicable across al...