Vitalik Buterin Proposes EIP-7706 to Optimize Ethereum's Mechanism

New proposal aims to redefine gas pricing for Ethereum, enhancing efficiency and reducing costs.
Vitalik Buterin Proposes EIP-7706 to Optimize Ethereum's Mechanism

Vitalik Buterin has introduced Ethereum Improvement Proposal (EIP) 7706, aiming to optimize how Ethereum handles transaction calldata. This proposal establishes a distinct gas type specifically for calldata, separate from other transaction costs, which could lead to more efficient data handling and lower transaction fees. EIP-7706 suggests setting independent base fees and block limits for this new gas type, potentially decreasing the maximum calldata size per block and thereby reducing costs significantly.

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