The creation of GasNow stems from a series of problems that was born with the explosion in popularity of decentralized finance platforms (DeFi) on the Ethereum network: congestion, high commissions and uncertainty among users.
The issue of commissions is critical especially in the context of DeFi, where a quick confirmation can be key for a user to take profit.
The GasNow launch responds to the belief within the organization that "a more accurate gas rate" would benefit the entire Ethereum ecosystem. "We as mining pools are inherently neutral and GasNow does not interfere with our existing business model," says "Uncle Meow," SparkPool Product Lead.
The issue of commissions has become a headache for Ethereum users and all the platforms that run on this network. Not surprisingly, it is common to see proposals to increase the gas limits per block. This would increase the processing capacity for each block in Ethereum and, in theory, help reduce commissions.
In June of this year some improvement proposals were presented that would establish commission ranges. With this, it seeks to avoid paying too high commissions, another problem that the network has faced recently.
Commission pay in recent months has been so high that the record high of $ 800,000 per hour was even reached in early September. Some projects have migrated, such as the case of Tether integrating its stablecoin USDT to the OMG Network side chain seeking to avoid high commissions. The new tool released by SparkPool does not solve the problem of fees, but it can help users get a better idea of ??how to deal with congestion and set the correct fees for their needs.
