Vitalik Buterin Puts Forward a Solution to Enhance Ethereum’s Capacity
Vitalik Buterin, one of the co-founders of Ethereum, has put forward an innovative idea to revolutionize the commission system in the latest essay he has written. Buterin suggests the implementation of multidimensional gas pricing as a means to eliminate the limitations of the current system.
In the Ethereum network, all computing processes such as storage, data transfer, and encryption operations are measured using a single metric called “gas.” However, Buterin highlights that this approach treats different types of resources as interchangeable, which is not the case in reality. This mixing of resources can lead to inefficient use of computing power and potentially result in the rejection of safe blocks or the inclusion of dangerous blocks in the blockchain.
To address these issues, Buterin proposes the adoption of a multidimensional gas model that accurately reflects the network’s constraints and capabilities. This shift has the potential to increase capacity without compromising the fungibility of resources.
Buterin has previously discussed the concept of multidimensional gas and its implementation in the EIP-4844 update. The introduction of a new type of transactions for large binary data arrays, known as BLOBs, during the Dencun update has significantly reduced costs for layer 2 solutions, especially those based on rollup technology. The successful implementation of the Dencun hard fork on the mainnet on March 13 further solidifies the viability of these changes.
In summary, Buterin’s proposal for multidimensional gas pricing represents a promising avenue for enhancing the efficiency and scalability of the Ethereum network.
