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Merge pull request #1434 from onflow/KshitijChaudhary666-patch-1
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Update 2024-03-01-Flow-Sprint-Kickoff.md
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franklywatson authored Feb 29, 2024
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Expand Up @@ -281,12 +281,21 @@ Cycle Objective(s): Transaction fees on EVM, increasing transaction fees and inf

**Done last sprint**

*
* EVM to gas computation ratio set at 1000:1 for PreviewNet launch. Evaluating a higher 3000:1 ratio based on Flow's ability to execute higher gas transactions.
* Built developer docs (and internal doc) on FlowEVM gas fee
* Evaluated Flow fee for 5 key txn types
* Drafted note on inflation and levers to pull
* Higher level governance overarching strategy
* Computation limit increase impact being evaluated

**This sprint**

- Research transaction fees on other L1s
- Research Transaction fees for Flow EVM.
- Execution effort estimation for FlowEVM transactions; determine ratios/ differences between Flow cadence & FlowEVM txn fee
- Decide on computation limit increase
- GWG meeting and community updates on changes
- Publish forum post for computation limit and transaction fee increase
- Partner outreach for upcoming transaction fee increase
- Research on Storage fee on EVM


**On Hold**
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