• Home
  • Cryptocurrency Market
    • Analysis
    • Exchanges
    • Investing
    • Venture Capital
  • Blockchain Applications
    • Market
    • DeFi
    • DApps
    • Platforms
  • Technology
    • Bitcoin
    • Ethereum
    • Altcoins
  • Regulations
  • Interviews
  • All Posts
Hot News

Brazil’s “Bitcoin Reserve Bill” Passes Initial Review, Bringing 5% of Foreign Exchange Reserves ($18 Billion) Closer to Purchasing BTC

Jun. 18, 2025

100,000 People Leave Binance Alpha Disappointed: Those Who Suffered Heavy Losses in $ZKJ and $KOGE

Jun. 18, 2025

MEXC Launches “Proof of Trust” Initiative to Ensure Cryptocurrency Security, Auditing, and User Protection

Jun. 18, 2025
Facebook X (Twitter) Instagram
X (Twitter) Telegram
BlockRenaBlockRena
  • Home
  • Cryptocurrency Market
    • Analysis
    • Exchanges
    • Investing
    • Venture Capital
  • Blockchain Applications
    • Market
    • DeFi
    • DApps
    • Platforms
  • Technology
    • Bitcoin
    • Ethereum
    • Altcoins
  • Regulations
  • Interviews
  • All Posts
Subscribe
BlockRenaBlockRena
Home ยป Vitalik Introduces Ethereum Enhancement Proposal “EIP-7706”: Unleashing L2 Scalability through Multidimensional Gas Concept
Ethereum

Vitalik Introduces Ethereum Enhancement Proposal “EIP-7706”: Unleashing L2 Scalability through Multidimensional Gas Concept

May. 15, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Vitalik Introduces Ethereum Enhancement Proposal "EIP-7706": Unleashing L2 Scalability through Multidimensional Gas Concept
Vitalik Introduces Ethereum Enhancement Proposal "EIP-7706": Unleashing L2 Scalability through Multidimensional Gas Concept
Share
Facebook Twitter LinkedIn Pinterest Email

Vitalik Buterin proposed a new Ethereum Improvement Proposal (EIP-7706) on the code hosting platform GitHub on the 13th, aiming to introduce a new type of gas for transaction calldata. Farcaster, a decentralized social protocol, expressed the hope that this proposal would make the discussion on “multi-dimensional gas” more concrete.

The EIP-7706 proposal and its motivations were mentioned in the proposal. This transaction type will provide max_basefee and priority_fee in vector form, suitable for three types of gas: “execution gas,” “blob gas,” and “calldata gas.” It will also modify the EIP-1559 proposal to ensure that the three types of gas adopt the same mechanism.

Currently, the main argument against Ethereum increasing gas limits, reducing calldata costs, and increasing Blob count is that the theoretical maximum space of Ethereum blocks is already too large to bear further cost increases. Therefore, EIP-7706 is introduced to introduce a separate gas market for calldata. In theory, the calldata size will be significantly reduced, and the average calldata cost will also be greatly reduced.

Prior to proposing EIP-7706, Vitalik Buterin mentioned the concept of “multi-dimensional gas” in his latest blog post. He used Blobs after the Dencun upgrade as a practical example of multi-dimensional gas and discussed the benefits and prospects of this concept.

The concept of multi-dimensional gas can limit and charge storage access separately, ensuring the average access volume of each block. It also sets limits for each block to improve network security and efficiency.

Multi-dimensional gas can adjust gas fees for different issues without affecting Ethereum’s security, rather than adjusting based on the maximum usage of each block.

In a single-dimensional gas system, the gas cost of a transaction is determined by the gas consumed by both data and computation. However, in a multi-dimensional gas system, the gas cost can be determined based on the main resources consumed by the transaction. This approach improves throughput while maintaining security.

Multi-dimensional EIP-1559 adjusts the base fee of blobs through tracking the excess_blobs parameter to ensure that the average usage of blocks remains at the target level. When a block contains more blobs than the target value, the base fee increases to reduce usage, and vice versa. This pricing mechanism allows for dynamic adjustment of transaction prices within blocks to maintain a half-filled state. Trigger limit mechanisms are also set to ensure reasonable competition for transactions.

Finally, Vitalik Buterin added that once multi-dimensional gas is introduced, the complexity of the system will significantly increase. Therefore, Ethereum faces a complex choice of whether to accept more complexity on the EVM in exchange for the scalability of Layer2.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Brazil’s “Bitcoin Reserve Bill” Passes Initial Review, Bringing 5% of Foreign Exchange Reserves ($18 Billion) Closer to Purchasing BTC

Jun. 18, 2025

SharpLink Gaming Acquires 176,000 ETH for $460 Million, Yet Stock Price Plummets Nearly 70%

Jun. 14, 2025

“Surge in Institutional Accumulation: Crypto KOL Anthony Pompliano Reportedly Set to Become CEO of ProCapBTC, Aiming to Raise $750 Million All in BTC”

Jun. 14, 2025

MicroStrategy’s Michael Saylor: Apple Should Invest in BTC, as It Would Better Stimulate Share Prices than Stock Buybacks

Jun. 11, 2025
Add A Comment

Leave A Reply Cancel Reply

Editors Picks

4 Steps to Efficiently Find Alpha and Organize Smart Money Twitter Accounts on X

Jun. 15, 2025

“Crypto as a Card Table: Winning Strategies in Texas Hold’em and Cryptocurrency Trading – Risk, Decision-Making, and Mindset”

Jun. 15, 2025

a16z: Misconceptions in Cryptocurrency Applications and the Three Distorted Truths

Jun. 13, 2025

The Gambler’s Mindset Ultimately Leads to Loss: Mathematical Analysis Teaches Survival Principles for Investment

Jun. 13, 2025
Latest Posts

ZKEX Secures 25 Million Seed Funding to Build Super DEX MultiChain Decentralized Exchange

Jul. 19, 2024

ZKasino, Suspected of Rug Pull, Announces 1:1 ETH Refund within 72 Hours, Including Return of $ZKAS

May. 29, 2024

Zhu Su’s OPNX Exchange Shuts Down Abruptly! Governance Token $OX Plunges 38%, Urgent Withdrawals Required

Feb. 2, 2024
About Us
About Us

BlockRena is your gateway to the blockchain community, offering a vibrant space where industry insights, innovation, and the latest happenings converge. Explore the ever-growing world of blockchain technology with us.

X (Twitter) Telegram
Hot Category
  • Platforms
  • Altcoins
  • Ethereum
  • Bitcoin
navigation
  • Technology
  • Interviews
  • Regulations
  • Blockchain Applications
  • Cryptocurrency Market
Copyright © 2025 BlockRena. All Rights Reserved.
  • Home
  • Cryptocurrency Market
    • Analysis
    • Exchanges
    • Investing
    • Venture Capital
  • Blockchain Applications
    • Market
    • DeFi
    • DApps
    • Platforms
  • Technology
    • Bitcoin
    • Ethereum
    • Altcoins
  • Regulations
  • Interviews
  • All Posts

Type above and press Enter to search. Press Esc to cancel.