đ€ #VitalikButerin Celebrates Ethereum Milestones at Token2049
At #Token2049 in Singapore, Vitalik Buterin highlighted the significant drop in #Ethereum(ETH) Layer 2 (L2) transaction fees, now nearly zero, as a major achievement for the crypto ecosystem. He reminisced about his past struggles with high fees, including a staggering $800 for a single transaction. đ
đ Buterin noted that fees have plummeted from over $10 to under $0.01, making Ethereum more accessible.
Thanks to the Ethereum Merge, transaction confirmation times have improved, with Buterin reporting transactions confirmed in just 5 to 15 seconds. âł
He emphasized the need for the crypto industry to meet mainstream demands while preserving decentralization and open-source values.
And Buterin also sang a little song. đ
