Vitalik Buterin says 'more still needs to be done' over high Ethereum txn fees

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Vitalik Buterin says 'more still needs to be done' over high Ethereum txn fees
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Buterin said high transaction fees and unpredictable user experience are reasons why some users opt for 'centralized solutions' instead.

on Feb. 28, Ethereum co-founder Vitalik Buterin documented the continued need to improve the namesake network to better facilitate ETH as a means of payment. In one instance, Buterin shared how he tried to pay for tea for himself and friends at a coffee shop in Argentina in 2021, but had to pay 0.01 ETH as that was the minimum deposit for the owner's exchange account."I did not mind the 3x overpayment and treated it as a tip," the co-founder wrote.

"Many times, there has been a surprisingly long time delay between my transaction getting accepted on-chain, and the service acknowledging the transaction, even as"unconfirmed." Some of those times, I definitely got worried that there was some glitch with the payment system on their side." "A UI that is clean and sleek, but does some weird and unexplainable thing 0.723% of the time that causes big problems, is worse than a UI that exposes more gritty details to the user but at least makes it easier to understand what's going on and fix any problem that does arise."

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