Metis Network Unveils Major Upgrade: New Gas Pricing Formula and Expanded Block Size for Enhanced Transaction Efficiency

Metis Network Unveils Major Upgrade: New Gas Pricing Formula and Expanded Block Size

Today, Metis Network is thrilled to announce a long-awaited upgrade that addresses the network's gas prices and overall transaction efficiency.

Recalibrated Gas Pricing

Metis Network has introduced a new gas pricing formula: gasPrice = 50 / METIS price in USD. This recalibration ensures consistent and predictable costs for all users, eliminating the fluctuations that previously characterized transaction fees.

Expanded Block Size

In addition to the new gas pricing formula, Metis Network has significantly expanded its block size. The gas limit has been increased from 25 million to a staggering 1.1 billion. This expansion means that users will no longer need to engage in gas auctions, ensuring that transactions are processed smoothly and swiftly.

Benefits for Builders and Gamers

This upgrade is particularly beneficial for builders and gamers. The increased block size paves the way for higher throughput decentralized applications (dApps) on the Metis platform. This enhancement will support more complex and resource-intensive applications, providing a robust environment for innovation.

Metis Champs Event

The timing of this upgrade is perfect as Metis Champs is on the horizon. Players will enjoy affordable transactions throughout the event, enhancing their gaming experience and encouraging more participation.

Final Thoughts

Metis Network's latest upgrade is a game-changer. The recalibrated gas pricing formula and expanded block size ensure a more efficient, cost-effective, and user-friendly platform. This upgrade underscores Metis Network's commitment to providing a seamless and powerful blockchain experience for all its users.