April 28, 2024

Buterin proposed to reduce the cost of gas by 5 times and limit the Ethereum block size to 1.5 MB

Buterin proposed to reduce the cost of gas by 5 times and limit the Ethereum block size to 1.5 MB

Ethereum co-founder Vitalik Buterin wants to reduce the cost of gas for processing transactions from 16 to 3 units, while limiting the size of Calldata storage to 1.5 MB.

He is concerned about high online commissions.Ethereum over the past months. Since the transition to staking and segmentation will take time, and the problem of expensive transactions needs to be addressed urgently, Buterin proposed to reduce the cost of gas for each byte of data processed by the blockchain by 5.33 times.

However, simply lowering the price can lead to an increase in the maximumCurrently, the average amount of transactional data fluctuates in the range of 60-90 KB, but this will increase in the futureRecent tests have shown that the growth of the network can cause a crash.block sizes even above 500 kB cause some nodes to shut down.

To avoid future problems and ensurenetwork security, Buterin proposed to set a block size limit in the region of 1.5 MB simultaneously with a decrease in the cost of gas. He added that this will be especially important after the implementation of the concept of sharding and the emergence of multidimensional constraints.

At the same time, the developers are discussing other, less strict, options for reducing the level of commissions.So far, even second-level solutions are inefficient due to the high gas consumption of their smart contracts.According to Blockchair, at the time of publication , the average transaction value of Ethereum is$43.

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