Last week, the creator of Ethereum Vitalik Buterin published a post in which he proposed to introduce the so-called “rent” in the blockhouse Ethereum. According to his concept, this fee will be charged for the use of the network. Its size will depend on how long the data will remain available in the blockroom.
The idea of “rent” has been repeatedly discussed in the crypto community. As for the developers of Ethereum, they are trying to cope with the growing use of the platform and, accordingly, the amount of data that should be stored in the nodes of the network.
Against the background of the use of the network, caused by popular applications such as CryptoKitties, and ICO, the developers of Ethereum, including Vlad Zamfir (Vlad Zamfir) and Phil Diane (Phil Daian), consider that this problem needs to be solved now.
At the same time, support from Buterin can speed up the resolution of this issue.
The creator of Ethereum suggests calculating the fee, based on the long-term limit for some of the special Ethereum data that node operators should store.
According to the suggestion of Buterin, the amount of data that is stored in the RAM of the host computer (about 5 GB), should never exceed 500 GB. To maintain this limit, users will have to pay a commission based on how long their data is stored. If the amount of stored data grows, the fee will also increase.
Buterin also tried to solve another problem with rent: to date, most of the proposed solutions in this area require users to know in advance how long their data should remain available. However, it is almost impossible to foresee, because of what errors are possible.
In its second sentence, Buterin eliminates this game of guesswork, allowing users to use their data even after they expire.
In the bitcoin network, the controversy over the commissions has not abated for several years. If the fees increase, then in the detainee less data is stored, which makes it possible to improve the operation of complete nodes. The disadvantage of this solution is the increase in the costs of using cryptocurrency.
How will users and developers of Ethereum react, if the decision to enter a rental payment is still made, it is difficult to predict. One thing is known: nobody likes new commissions.
According to Raoul Johnson, sharp increases in costs should be avoided and new commissions introduced gradually to enable developers to adapt to these changes.
We also note that some participants in the crypto community believe that “rent” should be introduced in all the blockhouses since the issues of scaling and related costs are relevant for all networks.
For example, Diane argues that a similar model should be introduced in the battle of bitcoin. Like Ethereum, Bitcoin currently does not charge a fee for the token’s lifetime.