Vitalik Buterin concerned about high gas costs Vitalik Bute | Best Crypto Traders Official

Vitalik Buterin concerned about high gas costs

Vitalik Buterin, has proposed a hardfork that would reduce the cost of gas for Layer 2 networks by a factor of five for the "calldata" function. It is used in algorithms that link the consensus of Layer 2 protocols to blocks in the main blockchain.

The flip side of the proposed EIP-4488 is the restriction on calling this function, putting a limit on transaction validation.

According to Buterin, 1.5 MB is enough for rollups, with the current development of layer 2 protocols. On the other hand, the limits set guarantee the stability of the main blockchain.

EIP-4488 involves irreversible code changes, which requires a significant percentage of support for miners. The hardfork will cut the fees in sidechains by a factor of five, where the claimed low fees of about $1 can increase tenfold during active transactions, as happened on Black Friday.