• 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

TIVA Token Revolutionizes Professional Workflows with Tokenized Incentives

chest

TIVA aims to enhance professional workflows by introducing blockchain-based tokenized incentives, addressing inefficiencies in credentialing and compliance.

user avatarFilippo Romano

BNB Chain Unveils Major Updates to Enhance User Experience

chest

BNB Chain has announced several major updates to enhance user experience, including prediction markets in Trust Wallet, the launch of the RealGo AR game, and governance changes at CEA Industries.

user avatarSatoshi Nakamura

Deutsche Telekom Becomes an Enterprise Validator for Theta Network.

chest

Deutsche Telekom has joined Theta Network as an Enterprise Validator, becoming the first major telecommunications company to do so.

user avatarJesper Sørensen

Theta Network Launches TPulse Subchain to Enhance AI Interaction Oversight.

chest

Theta Network has launched TPulse, a new subchain designed to track and validate AI interactions across its ecosystem.

user avatarFilippo Romano

Theta Labs Awarded Patent for Innovative AI Framework

chest

Theta Labs has been awarded a US patent for a Modular Large Language Model Guided Tree-of-Thought System.

user avatarEmily Carter

Theta Network Collaborates with Team Heretics for Tailored AI Agent.

chest

Theta Network partners with Team Heretics to create a custom AI agent for real-time match analysis in esports.

user avatarTomas Novak

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.