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Learning & News => News related to Crypto => Topic started by: codehash on November 27, 2021, 01:56:33 PM

Title: Vitalik Buterin proposes calldata limit per block to lower ETH gas costs
Post by: codehash on November 27, 2021, 01:56:33 PM

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

Buterin’s post on the Ethereum Magicians forum, EIP-4488, highlights concerns regarding high transaction fees on Layer-1 blockchains for rollups and the considerable amount of time to implement and deploy data sharding:

“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.”
https://cointelegraph.com/news/vitalik-buterin-proposes-calldata-limit-per-block-to-lower-eth-gas-costs

Title: Re: Vitalik Buterin proposes calldata limit per block to lower ETH gas costs
Post by: Noverteno on November 27, 2021, 03:45:56 PM

If there is such concern of Buterin, it means that there was really no confidence that the improvements in Ethereum 2.0 would reduce the total payment for gas on the network. The good news is that this problem is generally solvable. This is still the most problematic practical issue that needs to be resolved in any case, otherwise the ethereum network will not work. I hope all will be ok.