Vitalik Buterin Offers Fee Cost Reduction Options on the Ethereum Network – Bitcoin Addict

Vitalik Buterin, co-founder of Ethereum, has proposed a new limit for all transaction call data on the block. To reduce the total transaction calldata gas cost on the ETH network.

postButerin’s on the Ethereum Magicians forum states that EIP-4488 highlights concerns about high transaction fees on layer-one blockchains.

“Therefore, a short-term solution to reduce additional costs for rollups and to incentivize an ecosystem-wide transition to a rollup-centric Ethereum required.”

While operators cite alternatives that can reduce gas costs without adding additional block size limits. But he sees security concerns in reducing calldata gas costs from 16 to 3:

“[สิ่งนี้] It increases the maximum block size to 10M bytes and pushes the Ethereum p2p networking layer to an unprecedented level of stress and risk of network destruction.”

Buterin has issued a cost-cutting and cap proposal aimed at achieving unprecedented levels of stress and risk of network disruption, and believes that “1.5 MB will be enough while will prevent most security risks.”

if accepted The implementation of the offer will require a scheduled network upgrade. For the Ethereum ecosystem, this upgrade means miners will have to comply with new rules that prevent new transactions from being added to the block when the total calldata size reaches its maximum size. “The worst case is the theoretical maximum length of ~1,262,861 bytes per 12 sec slot or ~3.0 TB per year.”

However, the community is discussing other options, such as soft limit adoption, and others have expressed concerns about congestion during NFT token sales, which may require users to compensate for the lack of execution gas by paying a fee. all higher

The higher fees resulted in an outflow of users from the Ethereum network to reduce the cost of the network compatible with the Ethereum Virtual Machine.

As of Nov. 4, Etherscan data shows that approving tokens to transact on the Uniswap decentralized financial protocol could cost as much as $50 on Ether (ETH).

Additionally, the Layer 2 solution is a protocol that solves the fee problem. High fees are also charged due to network congestion amid new user startups.

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