• 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

AI Usage Among Different Professions

chest

Technology and finance workers are leading the way in AI adoption, utilizing AI tools to enhance productivity and efficiency in their roles.

user avatarSatoshi Nakamura

Rapid Adoption of AI in American Workplaces

chest

A new Gallup survey reveals a significant increase in the use of AI tools among American workers, with 12% using AI daily.

user avatarNguyen Van Long

Cryptocurrency Theft Allegations Involving CMDSS CEO's Son

chest

John Daghita, the son of the CEO of CMDSS, is accused of stealing over $40 million worth of cryptocurrency from the US government, leading to the shutdown of CMDSS's official website and social media accounts.

user avatarJesper Sørensen

Crosschain Activity Reinforces Inequality in Crypto

chest

Crosschain activity in the crypto industry is increasingly rewarding complexity over inclusion, sidelining average users.

user avatarLucas Weissmann

Monero's Commitment to Privacy Keeps It Relevant in Crypto

chest

Monero occupies a unique position in the cryptocurrency landscape by prioritizing privacy by default.

user avatarTomas Novak

BNB's Deep Integration Keeps It Relevant in the Crypto Space

chest

BNB remains relevant due to its deep integration into one of the largest crypto ecosystems.

user avatarEmily Carter

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.