Gas Policy Update 2

As part of our ongoing efforts to adjust to the recent surge in gas prices on Ethereum, we are changing to a model where new Authereum users cover the cost of their account deployments. We have gone to great lengths to keep this deployment cost as cheap as possible (You can expect it to be about the cost of two swaps on Uniswap) but during times of high network congestion, even relatively cheap transactions quickly become uneconomical.

After all, transaction fees on Ethereum were always meant to ensure that during times of high network congestion, the most time-sensitive transactions can get processed while users with less time-sensitive transactions can wait for lower fees while the congestion subsides. We understand that fees will always present an extra barrier for new users but we believe this model is more inline with the intentions of the Ethereum fee market.

That being said, we are committed to providing a frictionless web3 experience for everyone, not just the few who can afford the high cost of transacting on Ethereum today. We are doubling-down on our efforts to leverage Layer 2 solutions built Ethereum to mitigate high transaction costs for our community. In parallel, we will be continuing to optimize Authereum’s gas efficiency and will be adding more gas price options. We’ll have more information on all of this soon.

If you’re building a Layer 2 solution and we haven’t talked to you, please reach out at contact@authereum.com. Stay tuned for more updates by following us on Twitter @autheruem.