Vitalik Buterin, the co-founder of Ethereum, has introduced a new Ethereum Improvement Protocol (EIP-7706) that focuses on a revised gas model for transaction call data.
Vitalik Buterin, the co-founder of Ethereum, has introduced a new Ethereum Improvement Protocol (EIP-7706) that focuses on a revised gas model for transaction call data. Currently, Ethereum-based transactions incur gas fees for transaction execution and storage. However, Buterin's proposal suggests the inclusion of a third type of gas fee exclusively for call data, which refers to the essential information transmitted to smart contracts during Ethereum transactions.
The intention behind this modification is to allocate a separate charge specifically for the data transferred in transactions, distinct from the costs associated with executing contract code or storing data. The new gas model would introduce a transaction type that offers max_basefee and priority_fee as a vector, providing values for execution gas, blob gas, and call data gas.
Presently, the Ethereum network employs distinct mechanisms to adjust the base fee for transaction execution costs and data storage in blobs. Buterin recommends a unified approach for all three types of gas fees, suggesting that a common method should be adopted for their management.
The proposed change aims to address the issue of high transaction costs associated with data-heavy transactions that do not necessarily involve significant computational intensity. If accepted, the Ethereum network would independently set the costs for call data, separate from other expenses.
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