• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Vitalik Buterin's Proposal for 'Multidimensional Gas Pricing' in Ethereum

user avatar

by Giorgi Kostiuk

2 years ago


The founder of Ethereum, Vitalik Buterin, introduces a new concept called 'Multidimensional Gas Pricing' to address existing weaknesses in the network. The current system of Ethereum involves bundling all resources into a single Gas dimension, which has proven to be inefficient and cause resource management challenges.

To rectify these inefficiencies, Buterin presents EIP-4844, which proposes the implementation of multidimensional pricing for the first time. This proposal aims to incorporate a Blob data area to lower rollup costs and enhance transaction volume.

Furthermore, Buterin highlights the problem of state size growth and suggests the introduction of separate gas dimensions for operations that contribute to this growth. However, he acknowledges the challenges associated with setting gas fee limits during sub-calls, emphasizing the importance of careful planning when implementing multidimensional pricing.

Despite the potential advantages of this proposal, Buterin acknowledges the complexity and challenges involved in its execution. He stresses the necessity of weighing scalability gains against protocol economics.

In conclusion, Buterin's proposal urges further exploration and fine-tuning, with recognition for the possibility of more refined solutions in the future. This ongoing evolution of Ethereum underscores the critical need for finding a harmonious balance between scalability, efficiency, and sophistication for both protocol and application developers.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

WLFI Balances Growth and Regulatory Compliance

chest

WLFI is expanding its lending platform while seeking regulatory approval, balancing innovation with compliance.

user avatarKenji Takahashi

Cronos Shifts Focus to Institutional-Grade Infrastructure

chest

Cronos is shifting focus from retail trading to institutional-grade infrastructure, enhancing its long-term utility.

user avatarKenji Takahashi

Comprehending the Functionality of the Altcoin Season Index.

chest

The Altcoin Season Index quantifies market sentiment by analyzing the performance of top cryptocurrencies against Bitcoin.

user avatarElias Mukuru

Jake Claver Discusses Long-Term Outcomes for XRP Investors

chest

Jake Claver analyzes potential financial outcomes for investors holding 20,000 XRP, emphasizing long-term income generation and discussing various valuation scenarios.

user avatarDiego Alvarez

Robinhood Stock Price Faces Short-Term Decline Ahead of Earnings

chest

Robinhood's stock price has dropped over 10% in the past month, despite strong yearly gains, as it approaches a critical support level.

user avatarMaria Fernandez

Cardano Faces Regulatory Challenges Amid Market Dynamics

chest

Cardano's creator criticizes the current US administration's impact on the crypto industry while institutional interest grows.

user avatarGustavo Mendoza

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.