Close Menu
    What's Hot

    Crypto Exchange Coinbase Adds Gold-Pegged Stablecoin PAXG to Listing Roadmap

    Shiba Inu pattern points to 190% surge as burn rate rises

    SOL’s Price If Its Market Cap Equals Ethereum

    Facebook X (Twitter) Instagram
    MarketsNews.co.uk
    • Live Chart
    • Brokers
    • Scam Broker
    • Reviews
    • Tools
      • Lot Size Calculator
      • Margin Calculator
      • PIPS Calculator
      • Profit & loss calculator
    Facebook X (Twitter) Instagram
    Start Trading
    Trending Topics:
    • Markets
    • Stocks
    • Cryptocurrency
    • Forex
    • Scam Broker
    MarketsNews.co.uk
    • Markets
    • Stocks
    • Cryptocurrency
    • Forex
    • Scam Broker
    Cryptocurrency

    Vitalik Buterin sets sights on ‘multidimensional’ Ethereum gas with focus on The Splurge

    Anthony M. OrbisonBy Anthony M. OrbisonOctober 29, 2024No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link Telegram LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Receive, Manage & Grow Your Crypto Investments With Brighty

    Ethereum founder Vitalik Buterin has added more to the section of the Ethereum roadmap called “The Splurge,” aiming to advance the Ethereum Virtual Machine (EVM) toward a stable, high-performance “endgame state.”

    According to the Oct. 29 technical blog post, this vision also included significant improvements in Ethereum’s user experience, security, transaction fee structure, and cryptographic capabilities.

    Enhancing EVM with EOF

    Buterin explained that the current EVM architecture presents challenges for static analysis, which complicates the creation of efficient implementations, formal code verification, and future extensions. This architecture restricts support for advanced cryptographic methods.

    To overcome this, Buterin introduces the EVM Object Format (EOF), a critical part of Ethereum’s upcoming hard fork. EOF is a suite of Ethereum Improvement Proposals (EIPs) that restructures EVM code to separate code from data, restrict dynamic jumps, and introduce new subroutine mechanisms.

    These updates are expected to boost EVM efficiency, scalability, and compatibility with complex cryptographic functions.

    Legacy contracts will remain functional, but new contracts can leverage EOF-specific features for improved performance and reduced gas costs. With EOF, Ethereum’s network can incorporate upgrades more easily over time.

    Account abstraction

    Buterin also revealed that “The Splurge” aims to advance account abstraction, broadening the transaction verification process beyond ECDSA signatures. This update would allow accounts to use arbitrary EVM code for verification logic rather than relying solely on single-signature verifications.

    According to Buterin, account abstraction allows transactions to originate from smart contracts rather than exclusively from Externally Owned Accounts (EOAs). The complexity lies in implementing this model to support decentralization and mitigate risks like denial-of-service attacks.

    Further, he noted that “account abstraction implementations should ideally be harmonized on L1 and L2 as much as possible.”

    Transaction fee economics

    Buterin also discussed Ethereum’s transaction fee structure, calling it “multidimensional gas.” This concept suggests having distinct prices and limits for different blockchain resources to better allocate the network’s capacity.

    As he explained:

    “We have multidimensional gas for execution and blobs today; in principle, we could increase this to more dimensions: calldata, state reads/writes, and state size expansion.”

    He believes multidimensional gas could reduce the “worst-case” strain on resources, lowering the need for constant performance optimization. However, he noted two main trade-offs: increased protocol complexity and added complexity in the algorithms required to optimize block capacity.

    So, to simplify implementation, Buterin proposed that multidimensional gas could be limited to use within EOF. Since EOF prevents contracts from setting gas limits for other contract calls, this approach could sidestep some of the challenges inherent to multidimensional gas.

    Mentioned in this article

    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
    Previous Article‘Trump Klan’ threatens Harris voters in Texas
    Next Article Norway stocks lower at close of trade; Oslo OBX down 0.04% By Investing.com
    Anthony M. Orbison
    • Website

    Related Posts

    Crypto Exchange Coinbase Adds Gold-Pegged Stablecoin PAXG to Listing Roadmap

    May 12, 2025

    Shiba Inu pattern points to 190% surge as burn rate rises

    May 12, 2025

    SOL’s Price If Its Market Cap Equals Ethereum

    May 12, 2025
    Leave A Reply Cancel Reply

    Amazon.com, Inc.
    $193.06
    $0.98
    0.51%
    Meta Platforms, Inc.
    $592.49
    $5.52
    0.92%
    S&P 500
    $5,659.91
    $4.03
    0.07%
    Alphabet Inc.
    $154.38
    $1.37
    0.88%
    EUR/USD
    $1.12
    $0.0019
    0.17%
    EUR/JPY
    $163.80
    $0.276
    0.17%
    USD/CAD
    $1.39
    $0.0014
    0.10%

    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    We're social. Connect with us:

    Facebook X (Twitter)
    • Home
    • About us
    • Contact
    • Disclaimer
    • Privacy Policy
    © 2025 Marketsnews.co.uk

    Type above and press Enter to search. Press Esc to cancel.