Ethereum co-founder Vitalik Buterin this week proposed a new approach “ multidimensional »Gas costs. By charging different gas charges depending on the capacity used, he believes that consumers will benefit from the best possible gas charges.
Ethereum’s high gas charges have been an ongoing issue since DeFi started off in the summer of 2020. And it’s not uncommon to hear that people are paying hundreds of dollars to use the network.
$ 150 gas fares to currently trade on Balancer. That’s exactly the gas charge! Balancer himself charges an additional fee on top of that.
Unless you choose a gas fee high enough to be included in the next block, you are inviting traders ahead of you.
DeFi has increased on Ethereum. https://t.co/38Y8oue9zk
– Tushar Jain (@TusharJain_) February 5, 2021
As expected, the poetry about this forced the developers to act, and they did so with the roll – out of EIP 1559, which went live on August 5, 2021.
The EIP 1559 made some changes, but primarily scrapped the auction system in favor of a rolling base fee system. In other words, gas charges users would not decide to offer to have their transactions processed first.
Analysis of average dollar gasoline prices, from June 2021 to August 2021, shows that gasoline costs were (moderately) low at around $ 6/7. But after EIP 1559, gasoline prices rose, reaching $ 62.84 on November 9, 2021. To date, the average price is $ 37.33.
With this in mind, it would be argued that EIP 1559 failed because the most important factor in determining gas charges was network capacity (or lack thereof in this case), not the method used to determine the cost of the user’s transaction. individual assignment.
So, will a “multidimensional” approach to the problem be different?
Did the 1559 Ethereum Improvement Proposal (EIP) fail?
Based on the above numbers, EIP 1559 did not reduce gas tariffs, resulting in the failure of this material.
However, proponents of the EIP 1559 state that it was never intended to reduce gas tariffs, but to make them more transparent and predictable.
The idea is that users know in advance how much it costs them to complete a transaction. So they might decide whether or not they want to move on.
Currently, ConsenSys’ vision is » global computer the Ethereum network does not match the overall user experience.
Some argue that Ethereum is a victim of its own success and will eventually fix the gas fare problem as work in progress.
What is Buterin’s new “multidimensional” approach?
In another attempt to solve the problem, Buterin noted that different Ethereum virtual machine (EVM) machine resources have different gas usage demands.
As it develops further, it distinguishes “ burst capacity (burst capacity), how much capacity we could handle for one or a few blocks, and the “ enduring capacity (lasting capacity), how much capacity we would be comfortable with for a long time.
” Today’s scheme, which combines all resources into a single multidimensional (“gas”) resource, does not manage these differences. »
The IS ” Multidimensional EIP 1559 Reviews would use a mathematical formula to adjust the ratio of burst abilities to enduring abilities. From there, Buterin offers two options:
The first is to calculate the gas charge on resources by dividing the base charge for each unit of capacity by the total base charge. This would result in a fixed flat fee per block.
Another option is to set the base charge for resource use, but to set burst limits for all resources. It would too priority rights »Paid to the block producer.