Ethereum co-founder Vitalik Buterin, together with developer Anders Elowsson, has proposed a new Ethereum Improvement Proposal (EIP-7999) designed to simplify and streamline how transaction fees are calculated on the Ethereum network.

The proposal seeks to address ongoing concerns from users and developers about the complexity and unpredictability of gas fees, especially during times of high network congestion. By implementing EIP-7999, Ethereum aims to create a more transparent and user-friendly fee structure, making it easier for individuals and businesses to budget their transactions.

Buterin explained that the current gas fee system, while functional, can be confusing for newcomers and can discourage broader adoption of Ethereum-based applications. The new proposal would introduce clearer fee parameters, potentially reducing cost volatility and improving the overall user experience.

If adopted, EIP-7999 could have a significant impact on the Ethereum ecosystem by enhancing usability, attracting more developers, and encouraging wider adoption of decentralized applications (dApps) and smart contracts. Industry analysts note that this aligns with Ethereum’s long-term vision of becoming the world’s most accessible and scalable blockchain platform.