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Alternative Solution to high Gas Fees #587

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MidgetGems opened this issue Sep 24, 2020 · 0 comments
Open

Alternative Solution to high Gas Fees #587

MidgetGems opened this issue Sep 24, 2020 · 0 comments
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enhancement New feature or request

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@MidgetGems
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Description

I believe the high gas fees are putting off stakers especially those with smaller amounts of Dev as well as people withdrawing rewards. I have fielded questions and helped several people in recent weeks with this problem.

Solution

I ask the team to consider the merits of using an Ethereum Spoon (Friendly Fork) to reduce the gas costs (Tx is approx
$0.01) and improve performance (4.5k TPS with sub 3 second finality) as one of their options to this problem. This Spoon/Fork is called Athereum which has been developed by AVA Labs the team behind Avalanche.

Alternatives/Features

"Athereum is a “spoon”, or friendly fork, of Ethereum, which benefits from the Avalanche consensus protocol and applications in the Ethereum ecosystem. After 4 years of development, Ethereum boasts a rich dapp toolkit. Developers will be enabled with their full suite of tools, such as Remix, Metamask, MyEtherWallet, Web3js, Truffe Suite, Embark framework, and others on Athereum.
What is the Avalanche Platform?
The Avalanche network is a highly performant, scalable, customizable, and modular platform-of-platforms. Avalanche allows developers to create their own subnetworks which may issue, use, and trade any type of digital asset imaginable. Athereum is the first subnetwork supported on the Avalanche platform integrating an existing virtual asset. Athereum possesses the entire functionality built into in the EVM. In lieu of the ETH token, the native token supported on the Athereum platform is ATH.

Further Info
https://athereum.avax.network/
(Above website is currently offline so link may not work)
https://medium.com/avalabs/athereum-ethereum-on-avalanche-consensus-ava-labs-7effcb94b797

Wallet
0xAb0658c66670d93BF47B4b8D5797edD0a60F43A0

Code of Conduct

By submitting this pull request, I confirm I've read and complied with the CoC 🖖

Thank you for you time. I hope this information has given you another option to consider.

@MidgetGems MidgetGems added the enhancement New feature or request label Sep 24, 2020
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