Vitalik Buterin: Increased transaction costs may affect the popularity of Ethereum

On August 21, according to Coindesk, Eitafang founder Vitalik Buterin said that the increase in transaction costs had a negative impact on the adoption of Ethereum. Buterin said in an interview this week that he is considering whether to use the Ethereum project, and it is likely that he will give up the idea because of too many transactions in the blockchain. Ethereum plans to upgrade to version 2.0 in the future and switch to a rights-based consensus mechanism. Buterin said: "If a large company joins, the blockchain space will be fuller and members need to compete for trading space. The transaction is already very expensive, and new members may increase the cost by five times. This hinders people from joining Ethereum. , but increasing scalability can greatly improve this."