Trending $ETHnftsdefi$SHIBairdrops$ELONbabydoge$KISHU$MONA$LEASH$DOE$FLOKI

Vitalik Buterin Proposes Calldata Limit per Block to Lower Ethereum Gas Costs


Vitalik Buterin, the co-founder of Ethereum (ETH), has proposed a new limit on the total transaction calldata in a block to lower the overall transaction calldata gas cost on the Ethereum network.

According to a post shared by Buterin on the Ethereum Magicians forum, the new Ethereum Improvement Proposal (EIP) 4488 highlights concerns in relation to high transaction fees on Layer-1 blockchains for rollups and the vast amount of time needed for the implementation and deployment of data sharding.

Read Also: Vitalik Buterin: Layer 2 Is the Only Safe Way to Scale Ethereum and Preserve Decentralization

Vitalik Buterin wrote:

“Hence, a short-term solution to further cut costs for rollups, and to incentivize an ecosystem-wide transition to a rollup-centric Ethereum, is desired.”

Although Buterin sees this as a means to decrease the gas costs parameters without further adding a limit to the block size, he foresees a security concern in lowering the calldata gas cost from 16 to 3:

“Simply decreasing the calldata gas cost from 16 to 3 would increase the maximum block size to 10M bytes and push the Ethereum p2p networking layer to unprecedented levels of strain and risk breaking the network.”

Read Also: Vitalik Buterin Stresses Major Difference between Ethereum (ETH) and Bitcoin (BTC)

He also believes that 1.5 MB will be sufficient while preventing most of the security risk. Advising the Ethereum community regarding the proposal, he wrote:

“It’s worth rethinking the historical opposition to multi-dimensional resource limits and considering them as a pragmatic way to simultaneously achieve moderate scalability gains while retaining security.”

What Could Follow the Approval of the Proposal?

The new proposal, if implemented, will require a scheduled network upgrade, which will bring backward-incompatible gas repricing for the Ethereum ecosystem.

The implementation will also make miners comply with a new rule that prevents the addition of new transactions into a block when the total calldata size reaches the maximum.

Read Also: Vitalik Buterin: London Hard Fork Success Gives Me More Confidence over Upcoming Chains Merge

The proposal reads in part as follows:

“The burst data capacity of the chain does not increase as a result of this proposal (in fact, it slightly decreases). However, the _average_ data capacity will increase. This means that the storage requirements of history-storing will go up. A worst-case scenario would be a theoretical long-run maximum of ~1,262,861 bytes per 12 sec slot, or ~3.0 TB per year.”


Follow us on Twitter, Facebook, Telegram, and Download Our Android App




Buy and sell cryptocurrency on Coinmama

Source link