Ethereum community members proposed a new fee structure for the Application Layer.

PANews, April 28 news, according to Cointelegraph, Ethereum community members Kevin Owocki and Devansh Mehta proposed a dynamic fee structure for the Ethereum Application Layer on April 27 to balance the fairness of revenue generation and fee extraction for application developers. The proposal uses a square root function to calculate the fee ratio, charging a higher percentage when the fund pool is smaller, with a fee cap of 1% when it exceeds $10 million, to support application developers and encourage project rise. The proposal by Owocki and Mehta to balance the income and profitability of Ethereum application developers reflects the increasing calls for reforming the fee structure and value accumulation mechanism to maintain the economic viability of Ethereum relative to competing networks.