Vitalik Buterin proposes calldata limit per block to lower ETH gas costs
Buterin issued a decrease-cost-and-cap proposal, which aims to achieve most of the benefits of the decrease Ethereum (ETH) co-founder Vitalik Buterin has proposed a new limit on the total transaction calldata in a block to decrease the overall transaction calldata gas cost over the ETH network. Buterin’s post on the Ethereum Magicians forum, EIP-4488, highlights concerns regarding high transaction fees on Layer-1 blockchains for rollups and the considerable amount of time to implement and deploy data sharding:“Hence, a short-term solution to further cut costs for rollups, and to....
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Ethereum's average transaction fees dropped by almost 73.3% just within a month — down to $14.17 from $53.03. The infamous transaction fees of the Ethereum (ETH) ecosystem underwent a decremental phase from Jan. 10 to record the lowest average and median fees of $14.17 and $5.67 — lowest since September 2021. Data from Blockchair shows that the average transaction fee of ETH in January was $53.03, which at its peak was $70.83 back in May 2021. Just within a month, the average fees saw an almost 73.3% decline as evidenced by the following chart.Additionally, the resultant median transaction....
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