- Vitalik Buterin’s EIP-7706 proposes a new gas class for calldata, refining Ethereum’s fee structure.
- The proposal targets transaction costs by introducing specific fees for data transmission, separate from execution and storage.
- Approval will see a reduction in fees for data-heavy transactions.
Ethereum co-founder Vitalik Buterin has submitted a new Ethereum Improvement Proposal (EIP), dubbed EIP-7706, to manage transaction costs within its network. Buterin noted that the proposal will introduce another gas class for transaction call data.
Recall that two primary types of gas govern Ethereum transactions. The first oversees execution, which includes computational tasks during transaction processing. Meanwhile, the second gas handles storage, accounting for the costs of storing data in “blobs.” However, Buterin’s recent suggestion seeks to add a third gas category, mainly targeting calldata.
In Ethereum, calldata refers to the segment that carries data sent to smart contracts when transactions are executed. By introducing a dedicated gas type for calldata, the Ethereum network would assign specific costs to the data transmitted in transactions. These costs are separate from those associated with executing contract code or storing data.
If approved, these adjustments will reduce gas fees for transactions involving substantial data transmission. Nonetheless, these fees will not include computational intensity. The proposal advocates separate price adjustments for transmitting data, regardless of other associated costs, to reduce gas fees for data-heavy transactions.
Furthermore, Buterin suggested controlling all three types of gas, namely execution, blob, and calldata. This will result in using a system that adjusts fees simultaneously, thus streamlining the process.
One important aspect of the proposal involves introducing a new transaction type. This transaction type would include frameworks such as max_basefee and priority_fee, presented as a vector. Moreover, these parameters would provide values for execution gas, blob gas, and calldata gas, offering a comprehensive solution to fee management.
Introducing a dedicated gas type for calldata represents Ethereum’s move to refine the cost structure of transactions within its ecosystem. Per Buretin, the proposal could offer more granular control over transaction fees and optimize network efficiency. Moreover, Ethereum executives Buterin Sam Wilson, Ansgar Dietrichs, and Matt Garnett introduced EIP-7702 to enhance account abstraction before this proposal.
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