As a first step to understanding how our communities view the potential gas price adjustment, the Klaytn team surveyed our GC members and identified how they view the matter. Combining the result of both the GC survey and the previous technical analysis, the Klaytn Team came up with a potential gas price adjustment plan and asked the community’s opinions in a survey outlined as follows in our last article:


Survey Outline

Period

Feb 10 2022 — Feb 16 2022

Questions


Results

Respondents

25 persons

Answers

Rank the factors that matter most to you when using a blockchain.

  1. Transaction speed
    (48%) Important
    (36%) Neutral
    (16%) Not important
  2. Low gas fee
    (20%) Important
    (28%) Neutral
    (52%) Not important
  3. Network availability
    (64%) Important
    (24%) Neutral
    (12%) Not important
  4. Integrity of on-chain data
    (44%) Important
    (12%) Neutral
    (44%) Not important

Similar to Solana, Klaytn’s low gas fees make our network vulnerable to DDoS attacks. If we were to increase our gas price, how much should it be raised to?

How should the gas price increase be implemented?

Do you have any other feedback regarding the proposal to combat arbitrage bot spam transactions by increasing our gas price?


In short, network availability is the factor that has the highest ratio of respondents who answered as important, followed by transaction speed, on-chain data integrity, and low gas fee. 60% of respondents chose 750 ston as the more appropriate level of gas price than 500 ston. Lastly, 76% of respondents preferred an immediate increase to a gradual one.

After determining that the several technical measures applied to tackle spam transactions have had limited real impact on the issue of the recent bursty transaction pattern congesting the Klaytn network, the Klaytn Team has come to the conclusion that a gas price adjustment is the best effective countermeasure to tackle network congestion.

As a first step to understand how our communities view the potential gas price adjustment, the Klaytn Team asked the Governance Council’s opinions in a survey outlined as follows:


Survey Outline

Period

Jan 3 2022 — Jan 14 2022 (two weeks)

Questions


Results

Respondents

13 persons from 12 entities responded (one of the GC entities had two respondents, names listed without any specific order)

Hanwha Systems, FSN, Maekyung Media Group, cocone, The Korea Economic Daily, gumi Cryptos, AhnLab, EVERRICH, NEOPLY, Wemade Tree, GS Retail, Verichains Lab

Answers

Should the Klaytn Team be more engaged with the network congestion problem caused by bursty transactions mainly from arbitrage trading?

If the Klaytn Team were to take technical measures and increase the gas price, in which sequence should they be implemented?

Which approach should a possible gas price increase take?

How much should the gas price be increased?

Tell us your opinion about the gas price increase on the Klaytn mainnet. Any suggestions or comments are welcome.


In short, GC members expect Klaytn Team’s active engagement for both technical measures and gas price adjustment. In regards to the approach, a permanent adjustment initially up to the threshold level is preferred.

Being aware of the importance of this matter, the Klaytn Team will continue to stay in active communication with our communities before any decision is made.