Vitalik Buterin, co-founder of Ethereum, has introduced a new Ethereum Improvement Protocol (EIP-7706) aimed at refining the gas fee model by introducing separate fees for transaction call data. This proposal could potentially reduce transaction costs and enhance the efficiency of the Ethereum network. The announcement comes as transactional fees on the Ethereum network recently dropped to a seven-month low, reaching $1.7 per transaction on May 12.
🗞️ Crypto News 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. 🔗 https://t.co/DAA4i7BxsX #CryptoNews
This is the cost of using L2s today. Lots of networks where the fee for transferring a token is less than one cent. An insane amount of progress has been made in the past three years 🚀 https://t.co/9BZu46aLH6
Vitalik Buterin proposes EIP-7706 to refine #Ethereum’s gas model 📝⛽️✅ What do you think of the proposal? 🤔 Click below to find out more ⬇️⬇️⬇️ https://t.co/6zbKdUJ4Bc https://t.co/8NUx94Jk8b
⚡️ JUST IN: Vitalik Buterin proposes #Ethereum gas model overhaul, introducing separate fees for call data. This could reduce transaction costs, marking a potential milestone for Ethereum's efficiency. https://t.co/F3ZEkd8dvU
🚨JUST IN: @VITALIKBUTERIN PROPOSES NEW #ETHEREUM GAS FEE MODEL IN EIP-7706
Transactional fees on the Ethereum network recently dropped to a seven-month low, reaching $1.7 per transaction on May 12 https://t.co/z5nogIW3v5