Vitalik Buterin Proposes New Gas Type for Ethereum Calldata in EIP-7706

Tuesday, 14 May 2024, 16:32

Vitalik Buterin introduces EIP-7706 to propose a distinct gas type and fee market for Ethereum calldata, aiming to reduce costs and enhance security. The new gas type for calldata and alignment of fee structures across transactions present significant advancements for Ethereum's scalability and economic feasibility, fostering further adoption and utility of the platform.

https://store.livarava.com/0579bd9b-1212-11ef-a6c2-63e1980711b2.png — Vitalik Buterin Proposes New Gas Type for Ethereum Calldata in EIP-7706

Vitalik Buterin Introduces EIP-7706

Vitalik Buterin, Ethereum co-founder, introduces the Ethereum Improvement Proposal (EIP) 7706, suggesting a new gas type tailored for transaction calldata.

Distinct Fee Market for Calldata

EIP-7706 proposes a separate fee market for calldata with its base fee and per-block gas limit to lower calldata costs substantially.

Unified Fee Management System

The proposal introduces three specific gas types with assigned fees, addressing efficiency and cost concerns by unifying fee systems under one framework to enhance security and scalability.

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