Cryptocurrency News

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


In a new blog post published on Feb. 28, Ethereum co-founder Vitalik Buterin documented the continued need to improve the network to better facilitate Ether (ETH) as a means of payment.

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 (around $40 at the time), 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.


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