Ethereum’s co-founder, Vitalik Buterin, has introduced a new proposal, known as Ethereum Improvement Proposal (EIP) 7706, which aims to enhance the handling of transaction fees on the Ethereum network. The proposal suggests the addition of a new gas fee category specifically for transaction call data, introducing a third type of gas fee alongside the existing ones for execution and storage.
Currently, Ethereum transactions involve two main types of gas fees. The first type covers the computational resources required for transaction processing, while the second type relates to the cost of storing large data sets on the Blockchain. Buterin’s proposal introduces a third type of gas fee, specifically for calldata, which refers to the data sent to smart contracts when functions are called. This new gas fee category will provide specific costs for transmitting this data, allowing for more precise cost management and potentially reducing gas fees for data-heavy but computation-light transactions.
If implemented, this proposal will enable the Ethereum network to independently adjust the costs of transmitting transaction call data, separate from other transaction fees. This could result in lower gas fees for data-intensive transactions, making the network more efficient and cost-effective for certain types of transactions.
In addition to the new gas fee category for transaction call data, Buterin also suggests a unified system for adjusting fees across all three gas types: execution, storage, and calldata. This unified system aims to simplify the fee adjustment process by managing and adjusting the fees for these different gas types simultaneously, providing a more consistent and predictable fee structure.
The proposal introduces a new transaction type that includes vectors for max_basefee and priority_fee. These vectors offer specific values for execution gas, storage gas, and calldata gas, allowing for more detailed control over transaction fees.
This proposal follows closely after Buterin and his colleagues authored EIP-7702, which focuses on improvements related to account abstraction. Both proposals are part of ongoing efforts to enhance the efficiency and functionality of the Ethereum network.
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