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Vitalik Buterin Proposes Decentralized Gas Futures Market for Ethereum

Vitalik Buterin Proposes Decentralized Gas Futures Market for Ethereum

Ethereum co-founder Vitalik Buterin has advocated for the creation of a decentralized gas futures market. He believes such a tool would allow for hedging against potential fee increases.

Buterin highlighted the community’s skepticism regarding future transaction costs. Despite planned technical upgrades aimed at maintaining low fees, users are seeking additional assurances.

According to the developer, a prediction market would address these issues by:

Tezos co-founder Arthur Breitman joined the discussion, reminding that users regret abandoning old mechanisms like Gas Tokens in vain—these solutions created network security vulnerabilities.

Buterin supported his colleague, drawing parallels with other unpopular yet significant protocol changes. He cited examples such as the introduction of a gas limit on transactions and the restriction of the SELFDESTRUCT function.

Earlier, on December 4, Ethereum developers deployed the Fusaka update on the mainnet. Shortly thereafter, a failure in the popular consensus client Prysm occurred, disabling part of the network’s validators.

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