You can check the website statistics yourself or request them from us at [email protected]
On this platform, only organic high-quality traffic
Bitcoin
$ 30,725

Vitalik Buterin and Ethereum Foundation Explore Strategies to Optimize Blockchain for Rollup-Centric Roadmap

Ethereum (ETH) co-founder Vitalik Buterin and the Ethereum Foundation are actively exploring various strategies to reduce Ethereum’s maximum block size.

Their objective is to fine-tune the blockchain to align with the “rollup-centric roadmap,” which prioritizes the use of rollups to enhance Ethereum’s scalability and efficiency.

In a blog post dated February 5, Buterin and Ethereum Foundation researcher Toni Wahrstätter emphasized the importance of optimizing block space utilization.

They observed that in the past 12 months, the effective block size has essentially doubled, potentially due to the growing utilization of Ethereum for data availability via rollups and trends like Inscriptions.

Vitalik Buterin Proposes 5 Solutions to Optimize Block Size

The blog post discussed five different solutions, each with varying levels of complexity.

The primary objective is to raise the block gas limits and discourage the use of calldata, thereby reducing the maximum block size and creating space for additional data blobs in the future.

One of the proposed solutions involves increasing the cost of calldata from 16 to 42 gas units.

This adjustment would decrease the maximum block size from 1.78 megabytes to 0.68 megabytes, allowing for an increase in the block gas limit.

However, Buterin expressed concerns about this approach as it could deter the use of calldata for data availability, potentially impacting applications like StarkNet that rely on large calldata for on-chain proofs.

Another suggested solution was to increase the cost of calldata while simultaneously decreasing the cost of other opcodes.

This approach aims to strike a balance between incentivizing the use of calldata and optimizing gas costs for other operations.

Devs Can Cap Amount of Calldata Per Block

The third idea that was proposed involved capping the amount of calldata per block, as outlined in Ethereum Improvement Proposal (EIP) 4488.

However, this approach also raises concerns about discouraging the use of calldata for data availability, potentially affecting applications that heavily rely on it.

Another potential solution was to create a separate calldata fee market, similar to how data blobs are managed, allowing the price for calldata usage to automatically adjust based on demand.

However, the downside to this proposal is the increased complexity in terms of analysis and implementation.

The final idea presented was to introduce an “EVM loyalty bonus” to compensate applications that heavily rely on calldata, thereby incentivizing the use of calldata within the Ethereum Virtual Machine (EVM).

Buterin and Wahrstätter acknowledged that simply raising the calldata cost to 42 gas units might be overly simplistic, and implementing separate fee markets could introduce excessive complexity.

They emphasized the necessity for a well-balanced solution that involves increasing the cost of calldata while reducing the cost of certain operations or exploring models that incentivize calldata usage within the Ethereum Virtual Machine (EVM).

“A balanced solution could involve raising the cost of calldata while decreasing the cost of specific operations, or possibly moving towards a model that provides incentives for utilizing calldata within the EVM.”

It’s worth noting that Buterin previously proposed calldata limits per block as a means to lower gas costs in 2021.

In January, he suggested increasing the Ethereum gas limit by 33% to 40 million in order to improve network throughput.

Related Posts

Leave a Reply

Confirm now and stay with our news

What we write about

I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

Latest Articles

S&P Global Ratings joins Singapore MAS’s Project Guardian
28.06.2024By
Boden Memecoin Crashes After US President Biden’s Poor Debate Performance
28.06.2024By
Steno Research Expects $15-20B Inflows into Ether Spot ETFs, Predicts $6,500 Price Target
28.06.2024By

Latest news

S&P Global Ratings joins Singapore MAS’s Project Guardian
28.06.2024
Boden Memecoin Crashes After US President Biden’s Poor Debate Performance
28.06.2024
Steno Research Expects $15-20B Inflows into Ether Spot ETFs, Predicts $6,500 Price Target
28.06.2024
Bitcoin Mining Firm CleanSpark Acquires GRIID in $155M Stock Deal
28.06.2024
Elastos Partners With BEVM to Launch Bitcoin P2P Loans, Targeting $1.3T in Dormant Value
28.06.2024
Coinbase Files Lawsuits Against SEC, FDIC Over FOIA Request
27.06.2024
UK Watchdog Boosts Crypto Division to 100 Staff Members
27.06.2024
Hong Kong Government Explores DeFi and Metaverse to Boost Fintech Dominance
27.06.2024
Spot Ether ETFs May Receive US Approval by July 4: Report
27.06.2024
Bitcoin ETFs See Inflows for Second Consecutive Day as BTC Holds Steady at $60K
27.06.2024