Ethereum

Ethereum co-founder Vitalik Buterin proposed introducing multidimensional gas pricing. 
In <a href="https://vitalik.eth.limo/general/2024/05/09/multidim.html" target="_blank" rel="">his latest essay</a>, Buterin proposed eliminating the limitations of the existing commission system using multidimensional gas pricing. 
The network uses a peer-to-peer model in which all computing processes, including storage, data transfer, and encryption operations, are measured in a single metric, <a href="https://crypto.news/tag/gas-fee/" target="_blank" rel="">gas</a>. 
With this approach, various resources are considered as interconvertible but are not. Although the system simplifies market transactions and the calculation of commissions, it combines fundamentally different types of resources, <a href="https://crypto.news/tag/vitalik-Buterin/" target="_blank" rel="">Buterin</a> noted. 
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According to Buterin, mixing leads to inefficient computing power use and the potential rejection of safe blocks or, conversely, the inclusion of dangerous blocks in the blockchain. 
The Ethereum co-creator proposes that moving to a multidimensional gas model may better reflect the network’s true constraints and capabilities, potentially increasing capacity without making resources more fungible. 
Buterin has previously <a href="https://crypto.news/eth-developers-voice-concern-over-gas-limit-hike-proposed-by-vitalik-buterin/" target="_blank" rel="">spoken</a> about the concept of multidimensional gas, noting its implementation in the EIP-4844 update. The new type of transactions for large binary data arrays, BLOBs, added during <a href="https://crypto.news/dencun-update-live-ethereum/" target="_blank" rel="">the Dencun update</a> significantly <a href="https://crypto.news/dencun-is-finally-live-did-it-actually-reduce-fees/" target="_blank" rel="">reduced</a> costs for <a href="https://crypto.news/tag/layer-2/" target="_blank" rel="">layer 2</a> solutions, especially those based on rollup technology. The Dencun hard fork was successfully implemented on the mainnet on March 13. 
 You might also like: <a href="https://crypto.news/vitalik-buterin-pitches-upgrade-to-ethereum-account-abstraction/" rel=""> Vitalik Buterin pitches upgrade to Ethereum account abstraction </a>

Vitalik Buterin proposes method to increase Ethereum capacity

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