Like other Layer-2, zkSync will also require users to pay a certain fee, independent of Layer-1 Ethereum. The operating model of zkSync is almost similar to Ethereum, each transaction will have to pay a fee equivalent to the blockchain resources it consumes.
To optimize the number of fees that users pay, zkSync will build a mechanism that automatically adjusts fees (dynamic fees) based on the workload the blockchain is processing.
The working mechanism of Dynamic Fees is as follows:
On zkSync, Dynamic Fees will be used in:
In addition to auto-adjustment, Dynamic Fees also allows users to pay transaction fees with a variety of tokens, which will automatically transfer ETH for compatibility.
It can be said that this is one of the big technological challenges of smart-contract. If this can be done, zkSynch will help Ethereum take a big step forward in building Account Abstraction.
Account Abstraction is one of the long-term goals being built and developed on Ethereum. It is an account that allows users to combine a regular personal wallet and a smart contract account, thereby performing smarter and automated tasks. In particular, one of the important features of Account Abstraction is to allow users to pay with a variety of tokens other than ETH.
The launch of Dynamic Fees during the test-net phase could well be a move ahead of zkSync’s token release. Therefore, it is very likely that the testnet will airdrop in the future.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
CoinCu News
London, UK, 4th November 2024, Chainwire
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