• About
  • Coincu
  • Hot topics
  • Random
  • Exchange
  • Dotscan
Sunday, August 14, 2022
CoinCu News
No Result
View All Result
  • Login
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • Defi
    • GameFi
    • NFTs
    • Metaverse
    • Web 3
  • Crypto Recap
  • Video
  • IDO Events
    • Airdrop
  • Scam Alert
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • Defi
    • GameFi
    • NFTs
    • Metaverse
    • Web 3
  • Crypto Recap
  • Video
  • IDO Events
    • Airdrop
  • Scam Alert
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
No Result
View All Result
CoinCu News
No Result
View All Result
Home Market

Vitalik Buterin makes proposal EIP-4488 to lower gas fees for Ethereum Layer-2 in the short term

November 27, 2021
in Market
1.1k
254
SHARES
8.5k
VIEWS
Share on Facebook

Cardano Hits 2-Month High, Will The $1 Price Be Conquered Again?

Is FOMO ETH Now A Wise Decision?

This week Vitalik Buterin and Ethereum developer Ansgar Dietrichs released a new Ethereum improvement proposal called EIP-4488, which aims to lower gas fees for Ethereum Layer-2 scaling solutions. This proposal is intended to serve as an immediate solution to high gas costs while more robust solutions are developed.

Vitalik Buterin proposes EIP-4488 to cut gas charges

Vitalik Buterin – Founder of Ethereum

An effective (but short-term) solution

The EIP-4488 is designed to reduce Layer 2 gas costs in the short term while developing more efficient long term solutions.

Ethereum’s gas fees have been very high in recent months, and even if Layer-2s with Optimistic Rollups or ZK Rollups are “the only reliable scaling solution for Ethereum”, their gas fees are too expensive for some. For example, Optimism and Arbitrum usually offer 3-8x lower fees, and ZK Rollups can offer up to 100x lower fees than users on the Ethereum base tier, but those fees still won’t.

EIP-4488 aims to further reduce Layer 2 gas charges by lowering the cost of transactional call data, which is the main mechanism for both optimistic rollups and ZK rollups, or by adding a cap on total transactional call data, which can be included in a single transaction. Block. According to Buterin, increasing the amount of data available to Rollup is possible because the block size will not approach a level that could compromise the stability of the network.

Nhà sáng lập Ethereum trở thành tỷ phú tiền ảo trẻ nhất thế giới | VOV.VN

While data sharding can be viewed as a long-term solution to the imperfections of rollup, the proposal aims, according to a. looking to cut gas charges in the short term, possibly by Christmas this year tweet by team zkSync – a Layer 2 extension protocol.

Buterin has called for an “ecosystem-wide transition to Ethereum with a focus on roll-up” as the desired short-term solution to lower gas costs. And it’s no surprise that scaling solutions have evolved along with Ethereum.

Last week the Binance exchange announced that it would support Ethereum Layer-2 deposits via Arbitrum, and it was only yesterday that Boba, an optimistic Layer-2 aggregate solution, hit its Total Locked Out Value (TVL). from Nov.

Nhà sáng lập Ethereum là tỷ phú tiền điện tử trẻ nhất thế giới - VnExpress  Số hóa

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Tags: ButerinEIP4488EthereumfeesgasLayer2proposalshorttermVitalik
Previous Post

Evaluate the chance that RUNE will increase by 100% in the coming days

Next Post

Binance Will List Render (RNDR)

Other Posts

Crypto Market Highlights August 14, 2022
Market

Crypto Market Highlights August 14, 2022

August 14, 2022
Crypto Market Highlights August 13, 2022
Market

Crypto Market Highlights August 13, 2022

August 13, 2022
India’s ED Freeze $46 Million In Vauld’s Assets
Market

India’s ED Freeze $46 Million In Vauld’s Assets

August 13, 2022
Crypto Market Highlights August 12, 2022
Market

Crypto Market Highlights August 12, 2022

August 12, 2022
Crypto Market Highlights August 11, 2022
Market

Crypto Market Highlights August 11, 2022

August 12, 2022
Ripple Plans To Acquire Celsius’ Assets
Market

Ripple Plans To Acquire Celsius’ Assets

August 11, 2022
Next Post
Binance Will List Render (RNDR)

Binance Will List Render (RNDR)

Leave Comment
  • Acala USD (AUSD) Stablecoin On Polkadot Lost Peg

    Acala USD (AUSD) Stablecoin On Polkadot Lost Peg

    128 shares
    Share 51 Tweet 32
  • Tornado Cash Used To Communicate With The Crypto Wallets Uniswap, Aave, And Balancer Block

    132 shares
    Share 53 Tweet 33
  • Tornado Cash Discord And Admin Forums Vanished Overnight

    130 shares
    Share 52 Tweet 33
  • Aave Blocking All Addresses Linked To Tornado Cash, Including Justin Sun

    106 shares
    Share 42 Tweet 27
  • Shensei Bank Launches XRP Rewards For Customers

    144 shares
    Share 58 Tweet 36
Binance Holds The Most Bitcoins On Exchanges

Binance Holds The Most Bitcoins On Exchanges

August 14, 2022
Cardano Hits 2-Month High, Will The $1 Price Be Conquered Again?

Cardano Hits 2-Month High, Will The $1 Price Be Conquered Again?

August 14, 2022
Is FOMO ETH Now A Wise Decision?

Is FOMO ETH Now A Wise Decision?

August 14, 2022
A Shiba Inu Believer Has Burned More Than 4.7 Billion SHIB Since Last Year

A Shiba Inu Believer Has Burned More Than 4.7 Billion SHIB Since Last Year

August 14, 2022
BlackRock's Crypto Address Had Only One Token Few People Know

BlackRock’s Crypto Address Had Only One Token Few People Know

August 14, 2022
Shiba Inu And Dogecoin Record Gains As Meme Crypto Trading Volumes Jump 151%

Shiba Inu And Dogecoin Record Gains As Meme Crypto Trading Volumes Jump 151%

August 14, 2022
Shiba Inu Burn Rate Increased By 824% Last Week, Burning 711 Million SHIB

Shiba Inu Burn Rate Increased By 824% Last Week, Burning 711 Million SHIB

August 14, 2022
DeFi Hub Of Polkadot Experiences Serious Hack

DeFi Hub Of Polkadot Experiences Serious Hack

August 14, 2022
Hacker Attacks Acala Network But Still Can't Transfer ACA Token

Hacker Attacks Acala Network But Still Can’t Transfer ACA Token

August 14, 2022
Crypto Market Highlights August 14, 2022

Crypto Market Highlights August 14, 2022

August 14, 2022
  • Live Prices
  • Binance
  • NFT
  • Solana
  • Polkadot Scan
  • Metaverse
  • Polygon
  • Coinbase
  • Trending
  • Top Coin
  • Vi
  • DFH
  • CryptoLinks

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

No Result
View All Result
  • Coincu
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Metaverse News
    • NFTs News
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
    • GameFi
    • NFT
    • Web 3
  • Crypto Recap
  • Video
  • IDO Events
    • Airdrop
  • Scam Alert
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Dotscan

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In