Ethereum's Gas Crisis Over? Vitalik Buterin Presents New Solution

The draft proposal, dubbed EIP-7706, introduces a novel approach to managing transaction calldata by incorporating a new type of gas specifically tailored to calldata transactions. By providing a separate fee market for calldata transactions, complete with distinct basefee and per-block gas limits, the proposal aims to significantly reduce the theoretical maximum calldata size per block while making calldata more affordable on average.

The shift from a single-dimensional gas model to a multi-dimensional one has been widely heralded as a significant leap forward for Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

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