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Vitalik Buterin suggests a calldata limit per block to reduce the ETH gas price

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Buterin proposed a decrease-cost-and-cap proposal, intending to lower unparalleled levels of strain and the threat of network breakdown

Buterin, co-founder of Ethereum (ETH), has suggested a new restriction on the total transaction call data in a block to reduce the overall transaction call data gas cost on the ETH network.

Buterin's post on the Ethereum Magicians forum, EIP-4488, emphasizes issues regarding high transaction fees on Layer-1 blockchains for acceleration and also the significant time required to execute and expand data sharding: "Hence, a short-term solution to further cut costs for rollups, and to incentivize an ecosystem-wide transition to a rollup-centric Ethereum, is desired."

Although the entrepreneur alluded to a solution in which the gas cost variables could be reduced without further limiting the block size, he predicts a security issue in reducing the calldata gas cost from 16 to 3: "[This] would increase the maximum block size to 10M bytes and push the Ethereum p2p networking layer to unprecedented levels of strain and risk breaking the network."

Buterin released a decrease-cost-and-cap proposal, intending to reduce unprecedented levels of pressure and the danger of network breakdown, and thinks that "1.5 MB will be sufficient while preventing most of the security risk." He gave the Ethereum community the following advice: "It's worth rethinking the historical opposition to multi-dimensional resource limits and considering them as a pragmatic way to simultaneously achieve moderate scalability gains while retaining security."

Once approved, the proposal's execution will require a planned network update, leading to a backward-incompatible gas repricing for the Ethereum ecosystem. This modification will also require miners to adhere to a new rule that prohibits the inclusion of additional transactions into a block when the total calldata size surpasses the maximum. The proposal said, "A worst-case situation would be a notional long-run limit of 1,262,861 bytes every 12 sec slot, or 3.0 TB per year."

But the community is discussing alternative possibilities, such as imposing a soft limit.

Others expressed worries about congestion during nonfungible token (NFT) sales, which might compel users to pay a higher total charge to compensate for the shortage of execution gas.

Rising gas fees have led to a movement of Ethereum network users to lower-cost Ethereum Virtual Machine-compatible networks.

According to Etherscan data, authorising a token to be traded on the Uniswap decentralised finance system can cost up to $50 in ETH, as reported on November 4.

Moreover, Layer-two solutions, which were advertised as the protocols that would help alleviate the fee issue, have been demanding excessive fees because of network congestion during new user onboarding.

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