![Vitalik Buterin Proposes EIP-7706 to Optimize Ethereum's Mechanism](http://media.assettype.com/crypto-insider%2F2024-05%2F8dee94fe-1cbb-476a-ba52-76d7709ddab2%2FDALL_E_2024_05_14_22_51_19___A_conceptual_infographic_illustrating_EIP_7706_s_approach_to_optimizing.webp?rect=0%2C16%2C1792%2C1008&w=480&auto=format%2Ccompress&fit=max)
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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