Ethereum EIP-8141 Proposes Transaction Fee Payment Structure Without ETH
A new structure called EIP-8141 'Frame Transaction' has been proposed in Ethereum, allowing users to pay transaction fees without holding ETH. The paymaster will cover the network fees in ETH, while users settle costs using USDC or other currencies. This structure divides transaction validation and fee payment into multiple stages, allowing users to sign transactions to prove their intent, and the paymaster can then submit the transaction in ETH. Users will only see '0.1 USDC fee' on their screens, while the ETH gas cost is handled in the background. EIP-8141 does not exclude ETH from being a gas payment asset, but changes who pays the fees first. With the introduction of this structure, the demand for ETH may shift to the operating balances held by a few paymasters and wallet service providers. The frame transaction not only allows fee sponsorship but also provides the capability to bundle multiple tasks into a single transaction, enabling simultaneous approval and exchange. EIP-8141 proposes an environment where users can utilize Ethereum without directly holding ETH, but it cannot determine the demand or price direction for ETH.
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Follow the Money: Over $200 Million in Venture Investments, $400 Million Purchase, and Weak Activity from Corporate Investors

The New Crypto Tycoon’s Gold Rush: Coinbase Co-Founder’s Venezuelan Oil Field Adventure

Crypto VC funding: Payward’s $100M deal leads Latitude’s $35M round

Blockstream bets 600 Bitcoin by rejecting Liquid hacker’s $50 million bounty demand

Blockchain, Rupee and Bonds: India Modernizes Its Financial Market

Raoul Pal in Conversation with Wall Street Strategist Jordi Visser: Why Now is the Best Time to Invest?

What is FOMO and FUD? The Trading Minute

FTX Founder Sam Bankman-Fried Appeals Fraud Conviction to U.S. Supreme Court

Ruthnick Reveals $250 Million Income... The Connection Between Tether, Cantor, and His Children Comes to Light

MoneyGram's Next Stop: Bringing Stablecoins into Everyday Spending

Backing Assets are PayPal's Stablecoin, Launch of 'PYUSDx' by PayPal and Two Other Companies

Why Nasdaq surveillance cannot settle the fight over 24/7 tokenized markets

End of Self-Regulation? U.S. Senate Pushes for 'Duty of Care' for AI Companies

Cake Wallet: Reviews, Features, and Security of the Crypto Wallet

Arthur Hayes Discusses Japanese Capital Repatriation, Federal Reserve Policy Direction, and AI Capital Mismatch

L-BTC resumes trading with reserves covering just 85% of supply

From Coin-Stock Pairing to Universal Pools: Analyzing Robinhood Chain's New Gameplay with $CME

RBC Crypto: What is Being Discussed on the Forum and Why Participants Are Expecting New Market Movements

Japan Changes Rules for Cryptocurrencies: Spot ETFs Are Closer

Why Circle is spending $400M to fix the last mile holding stablecoins back from real-world payouts

OpenAI Asks Congress Whether an AI Slowdown Would Be Legal

Cryptocurrencies in Decline: How to Secure Digital Assets for Loved Ones?

Tokenized stocks expand access, but what do investors legally own? Tessera PE founder explains

Wash Fed Chair on the Hot Seat Amid Rising CPI and Pressure for September Rate Hike

Bank stablecoins can earn DeFi yield, but holders bear the risk: Katana CEO

Major Global Banks Launch Their Own Stablecoins to Compete with Tether and Circle

US DOJ restrains $52M in crypto with Tether’s help

India, Russia discuss CBDC payments as bilateral trade nears $60 billion

AI Reduces Quantum Attack Costs on Bitcoin by 86%









