Ethereum co-founder Vitalik Buterin discusses proposal to reduce network overload and high fees-technology
Ethereum co-founder Vitalik Buterin discusses proposal to reduce network overload and high fees-technology
Ethereum co-founder Vitalik Buterin discusses proposal to reduce the overload of the network and the high fees" Loading = "Lazy">
The co -founder of Ethereum, Vitalik Buterin, and the developer Tim Beiko discussed a solution for the gas problem in data transmission and current scaling problems. Buterin spoke of adding a function like "blob-bearing transactions" in a "close future-hard-fork".
'Blob-shaping transactions'
The price of Ethereum ( eth ) has moved by more than 25 % during this period. Last week, ETH won over 16 % and the crypto-aasset managed to climb over $ 3,000 per piece eth zone. On February 4, 2022, co-founder of Ethereum vitalik buterin shared a tweet that was written eth developer tim beko which proposes a new Ethereum-transaction format.
The first approach only the minimal changes are made so that this is supported by el-clients: https://t.co/cwor6bgqtc
- Tim Beiko | timbeiko.eth 🔥🧱 (@Timbeiko) 4. February 2022
"Some suggestions to add 'blob-bearing transactions' in a hard fork in the near future to give rollups a higher scalability before the complete Sharding is complete," said buterin wrote . Ethereum co -founder further divided explanatory that was published on Reddit and describes in detail how the network can scale. Buterin's proposal contains further details:
'[Blob-Carrying Transactions]' contain a large amount of data that cannot be accessed by the EVM version, but which commitment can be accessed. The format should be fully compatible with the future thanksgearing specification.
It is possible that the new proposal "Blob-bearing transactions" could be implemented in the Hard Fork by Shanghai. According to the butterin, the new transaction format would be connected to the beacon block and the consensus node.
"This EIP offers an emergency solution up to this point by implementing the transaction format that would be used in the Sharing, but these transactions are not really fragmented," says Bellerin notes. The co -founder of Ethereum added:
Instead, they would simply be part of the Beacon block and would have to be downloaded from all consensus nodes (but can be deleted after only a relatively short delay). There would be a reduced upper limit for the number of these transactions that can be recorded, which corresponds to a target of ~ 1 MB per block and a limit of ~ 2 MB.
Ethereum data transmission fees remain high, L2 fees considerably lower
In the meantime, the average transaction fee on February 6, 2022 is 0.011 Ether or $ 31.99 per transfer. The average Ethereum transaction fee is between $ 4.59 and $ 7.87 or 0.0026 per transaction. Of course, moving an ERC20 token or exchanging a token can cost users more gasoline to advance the transaction. Layer-Two (L2) transactions are cheaper than Onchain-layer-one (L1) transfers, whereby Loopring is cheapest.LOOPRING currently costs $ 0.11 per transmission, while ZKSync can cost around $ 0.17 per transaction. Transfers with L2 solutions such as Loopring, ZKSync, Polygon Hermez, Optimism, Boba Network and Arbitrum One are significantly cheaper than L1 transfers. The latest proposal to "blob-supporting transactions" could reduce the overload and high fees of the chain.
What do you think of Vitalik Buterin's discussion about "blob-friendly transactions"? Do you think this idea could help relieve the blockchain's scaling problems? Share your opinion on this topic in the comment area below.
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