Ethereum's upcoming hard fork, Istanbul, includes a change to gas limits that will impact wallet fee calculations. Specifically, sending ETH to a brand-new address will be more expensive than sending to an existing one. This is because the new gas limit will be higher, causing the cost of transactions to increase. As a result, software built around a flat fee will no longer accurately reflect the true cost of a transaction. This could lead to unexpected expenses for users who rely on these software tools.
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
The change is set to go live on December 8, and wallet providers will need to update their software to accommodate the new gas limit. This update will help ensure that users are not charged incorrect fees for their transactions.