Eric Conner, core developer of ethereum, says that the network's mainnet in the long term will not serve as the platform where everyday users would want to transact tokens.
In a recent thread At X, Eric Conner, a core ethereum developer, discussed the future trajectory of the ethereum mainnet, shedding light on its role in the ecosystem and addressing concerns about transaction costs. Conner emphasized prioritizing ethereum's “liveness,” highlighting its critical importance in facilitating seamless transactions as a key to building trust within the ecosystem.
Addressing the prevailing concern about high transaction fees on ethereum, Conner noted that while the ethereum mainnet may not be the ideal platform for daily transactions in the long term, it will continue to serve as a foundation for decentralized applications and settlement layers.
Highlighting the potential of Layer 2 solutions to mitigate high fees, Conner expressed confidence that these solutions are already addressing the issue effectively.
In response to criticism about the user experience of Layer 2 solutions, Conner remained optimistic and suggested the challenges can be resolved. While he didn't delve into specific solutions, he pointed to significant improvements in the user experience of layer 2 solutions over the past two years, predicting that wallets will ultimately streamline processes, making the overall experience more seamless and easier to use. .
Meanwhile, BitInfoCharts data ethereum-transactionfees.html#3y” target=”_blank” rel=”noopener”>sample that the average transaction fee on ethereum is currently $9, notably lower than the $50 recorded in 2021, but still a hurdle for network activity at current levels. Comparatively, executing a token swap on the ethereum mainnet costs about $6, while the same operation costs just $0.6 on Loopring or $0.18 on Optimism, highlighting the appeal of Layer 2 solutions for concerned users. because of costs, according to L2Fees. data.