$ZEC Dynamic Fee Proposal Incoming!

According to reports, the $ZEC core development team Shielded Labs has proposed a dynamic fee market aimed at addressing network congestion and rising transaction costs.

Unlike the current static fees, the new mechanism will price fees based on the median fees of the previous 50 blocks, with priority channels set up during high demand, while avoiding the complexities of EIP-1559 and retaining privacy features.

Due to the recovery of the $ZEC price and increased interest from users and institutions, the old model is becoming unsustainable. The proposal will be implemented in three phases: off-chain monitoring, wallet strategy, and consensus changes, which is worth paying attention to!

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