Vitalik Buterin proposes Ethereum gas model overhaul

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The new gas model will add a transaction type that provides max_basefee and priority_fee as a vector, providing values for execution gas, blob gas and call data gas.

Ethereum-based transactions currently have two types of gas fees: one for transaction execution, which covers the computational effort required to perform a transaction, and one for storage, which is the cost of storing data in “blobs.”

This means the Ethereum blockchain will allocate a unique charge to data transferred during transactions, separate from the costs of executing contract code or storing data. However, Buterin suggested that with the introduction of a third type of gas fee, the Ethereum network should adopt a common approach for all three types of gas fees.The move aims to reduce the transaction costs associated with transactions that are data-heavy but not necessarily computationally intensive. If the proposal is accepted, the Ethereum network will be responsible for setting the call data costs independently of other costs.

Buterin suggested that by implementing a separate gas fee for call data, The “theoretical max call data size of a block would be greatly reduced, while basic economic analysis suggests that on average, call data would become considerably cheaper.”

 

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