Vitalik Buterin drafts EIP-7706 proposing a new gas type for Ethereum
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Vitalik Buterin drafts EIP-7706 proposing a new gas type for Ethereum
According to The Block, Ethereum co-founder Vitalik Buterin has proposed a new Ethereum Improvement Proposal, EIP-7706, suggesting the introduction of a new gas category specifically for transaction calldata. Currently, Ethereum transactions involve two main types of gas: one for execution, covering the computational effort required to process transactions, and another for storage, related to the cost of storing data "blobs." Buterin's proposal calls for establishing a third, dedicated gas type for calldata—the portion of data included in Ethereum transactions that is passed along during smart contract function calls. Buterin also suggests implementing a system to simultaneously adjust fees across execution, blob, and calldata gas types, streamlining the process. He proposes using a vector to manage the maximum base fees and priority fees for these gas types, enabling the network to uniformly handle fee adjustments for all gas types.
Navigating Web3 tides with focused insightsTechFlow reports, according to The Block, that Ethereum co-founder Vitalik Buterin has proposed a new Ethereum Improvement Proposal (EIP-7706), suggesting the introduction of a new gas category specifically for transaction calldata.
Currently, Ethereum transactions primarily involve two types of gas: one for execution, covering the computational effort required to process transactions, and another for storage, related to the cost of storing data "blobs." Buterin's proposal recommends establishing a third, dedicated gas type for calldata—the portion of data included in Ethereum transactions when calling smart contract functions.
Buterin also proposes implementing a system to simultaneously adjust fees across all three gas types—execution, blob, and calldata—to streamline the process. He suggests using a vector to manage the maximum base fees and priority fees for these gas types. This approach would enable the network to uniformly handle fee adjustments for all gas categories.
