Ethereum co-founder Vitalik Buterin has proposed a new limit on the total transaction calldata in a block to decrease the overall transaction calldata gas cost over the ETH network.

Buterin's post on the Ethereum Magicians forum, EIP-4488, highlights concerns regarding loftier transaction fees on layer-one blockchains for rollups and the considerable amount of time to implement and deploy data sharding:

"Hence, a short-term solution to farther cut costs for rollups and to incentivize an ecosystem-broad transition to a rollup-centric Ethereum is desired."

While the entrepreneur cited an alternative wherein the gas costs parameters could exist decreased without farther calculation a limit to the cake size, he foresees a security concern in decreasing the calldata gas price from 16 to 3:

"[This] would increase the maximum cake size to 10M bytes and push the Ethereum p2p networking layer to unprecedented levels of strain and chance breaking the network."

Buterin issued a decrease-price-and-cap proposal, which aims to accomplish the goal of reducing unprecedented levels of strain and gamble breaking the network, and believes that "ane.five MB will be sufficient while preventing virtually of the security risk." Every bit for advice to the Ethereum community, he wrote:

"It'south worth rethinking the historical opposition to multi-dimensional resource limits and considering them every bit a pragmatic way to simultaneously accomplish moderate scalability gains while retaining security."

If accepted, the implementation of the proposal will require a scheduled network upgrade, resulting in a backward-incompatible gas repricing for the Ethereum ecosystem. This upgrade will also mean that miners volition take to comply with a new rule that prevents the improver of new transactions into a block when the total calldata size reaches the maximum. "A worst-instance scenario would be a theoretical long-run maximum of ~one,262,861 bytes per 12 sec slot, or ~three.0 TB per year," the proposal read.

Nevertheless, the customs is discussing other options similar the implementation of a soft limit. Others raised concerns virtually the congestion during nonfungible token (NFT) sales, which may require users to compensate for the lack of execution gas by paying a higher total fee.

Related: Layer-two and multichain DeFi platforms see tape inflows equally Ethereum fees soar

Rising gas fees have resulted in an outflow of users from the Ethereum network to lower the toll of Ethereum Virtual Machine-compatible networks.

As Cointelegraph reported on November. four, Etherscan data shows that approving a token to exist transacted on Uniswap decentralized finance protocol can cost as much as $50 worth in Ether (ETH).

Boilerplate Ethereum gas cost. Source: Etherscan

Additionally, layer-two solutions, which were billed as the protocols that would help solve the fee outcome, take been charging high fees due to network congestion among the onboarding of new users.