|

Ethereum’s next upgrade breaks the '21,000 gas' rule wallets rely on

Sending Ether will no longer always carry the same network fee, breaking one of Ethereum's oldest rules of thumb.

Developers from the Ethereum Foundation, the nonprofit that supports and maintains Ethereum, told wallet makers, blockchain trackers, and fee calculators in a blog post to update any software built on the assumption that a basic ETH transfer costs 21,000 gas units. Gas is how Ethereum measures the work a transaction asks the network to do, and users pay for that work in ETH.

Today, that 21,000 applies whether the receiving account has been used before or not. Under Ethereum's next major upgrade, Glamsterdam, sending to an existing account still costs 21,000, while sending to an address that has never appeared in Ethereum's records costs more because the network has to create and permanently store a new account.

The proposal puts that extra charge at 183,600 units of a new category called state gas.

Years of software have been built around that 21,000 as a fixed number. A wallet uses it to decide how much gas to attach to a payment, while a blockchain service uses it to sort transactions. Anything treating it as both the floor and the ceiling for an ETH transfer will reject valid payments or quote fees that come up short.

The reasoning is that the two are not the same amount of work. Paying an account that already exists only adjusts balances Ethereum is tracking anyway, while paying a fresh address adds a record its computers may have to hold forever. Both have carried the same charge until now.

Developers still have time to find the problems. Glamsterdam switches on Thursday on Platåberget, a practice version of Ethereum that uses worthless tokens so developers can break things safely. It reaches two more test networks — Sepolia and Hoodi — after that, and then the real Ethereum.

Nobody sending ETH needs to do anything this week. The warning is aimed at the companies whose software those users depend on.

Author

CoinDesk Analysis Team

CoinDesk is the media platform for the next generation of investors exploring how cryptocurrencies and digital assets are contributing to the evolution of the global financial system.

More from CoinDesk Analysis Team
Share:

Editor's Picks

XRP holds in bearish trend as Ripple’s Jeonbuk Bank deal fails to lift outlook

XRP remains below the critical $1.00 handle, trading at levels last seen in 2024. The XRP technical structure deteriorates further, with major moving averages declining and limiting recovery potential.

Crypto Today: Bitcoin, Ethereum, XRP falter amid escalating US-Iran tensions

Cryptocurrency prices are broadly correcting on Tuesday, with Bitcoin edging lower toward $64,000. Ethereum shows weakness amid ongoing narrow-range consolidation, while Ripple trades below $1.00, weighed down by falling technical indicators.

Bitcoin holds recent gains above 50-day EMA amid improving momentum

Bitcoin finds support around the 50-day EMA at around $64,300 on Tuesday after gaining 2.5% the previous day. Middle East tensions continue to weigh on risk sentiment and could limit BTC’s upside.

Pi Network holds steady amid app studio costs surge to push user adoption

Pi Network extends a consolidation range capped below $0.0900 on Tuesday, holding above the $0.0839 support level. PI token remains under pressure as the Core Team pushes for real user adoption by raising costs for AI-powered app creation, effective from August 24.

Bitcoin: Hormuz uncertainty clouds BTC outlook
Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.