Vitalik Buterin proposed the calldata limit for each block to reduce ETH gas cost
Ethereum (Ethereum) Co-founder Vitalik Buterin proposed a new limit on the total transaction calldata in the block to reduce the overall transaction calldata gas cost on the ETH network.
Butrin’s postal On the Ethereum Magicians Forum, EIP-4488 highlighted concerns about the high transaction fees used for aggregation on the layer 1 blockchain and the time required to implement and deploy data sharding:
“Therefore, a short-term solution is needed to further reduce the cost of aggregation and incentivize the entire ecosystem to transition to the aggregation-centric Ethereum.”
Although the entrepreneur cited an alternative scheme in which the gas cost parameter can be reduced without further increasing the block size limit, he foresaw the security problem of reducing the gas cost of calldata from 16 to 3:
“[This] Increase the maximum block size to 10M bytes, and push the Ethereum p2p network layer to an unprecedented level of pressure and risk of disrupting the network. ”
Some people think that the layer 2 cost of ETH is too high, because each byte of data used in aggregate costs 16 gas. In order to reduce the cost, the gas cost can be reduced to 3. This should be a great benefit, and the cost has been reduced by 5 times.However, in the long run, this may mean that block size is a new network constraint pic.twitter.com/ffbTQ4zXOz
— BitMEX Research (@BitMEXResearch) November 26, 2021
Buterin issued a proposal to reduce costs and caps, aiming to achieve most of the benefits of the reduction, and believes that “1.5 MB is sufficient while preventing most security risks.” As a suggestion to the Ethereum community, he wrote:
“It’s worth rethinking the historical opposition to multi-dimensional resource restrictions and seeing it as a pragmatic way to achieve moderate scalability gains while maintaining security.”
If accepted, the implementation of the proposal will require scheduled network upgrades, which will result in the repricing of backward incompatible gas in the Ethereum ecosystem. This upgrade also means that miners will have to comply with a new rule that prevents new transactions from being added to the block when the total call data size reaches the maximum. “The worst-case scenario is that the theoretical long-term maximum is about 1,262,861 bytes per 12-second slot, or about 3.0 TB per year,” the proposal reads.
However, the community is discussing other options, such as implementing soft limits. Others expressed concern about the congestion during the sale of non-fungible tokens (NFT), which may require users to pay a higher total fee to make up for the lack of execution gas.
The rising gas fee has caused users to flow from the Ethereum network to the low-cost Ethereum virtual machine compatible network.
As Cointelegraph reported on November 4, Etherscan data shows that tokens approved for trading on the Uniswap decentralized financial protocol may require $50 worth of ETH.
In addition, the second layer solution is called Agreement to help solve the cost issue, Due to network congestion during the entry of new users, has been charging high fees.
Routines shouldn’t be cheap, haha, what a joke pic.twitter.com/v839tZ4nch
-satsdart (@satsdart) November 2, 2021