Ethereum Co-Founder Vitalik Buterin Floats Gas Cap for ZK ‘Endgame’ - adtechsolutions

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Ethereum Co-Founder Vitalik Buterin Floats Gas Cap for ZK ‘Endgame’


Briefly

  • Vitalik Buterin is a co-author of the EIP-7983, a proposal that seeks to introduce gas limit for individual transactions.
  • Change would accept virtual machines using evidence of zero knowledge, the proposal of the description states.
  • The EIP-7983 would also be protected from DOS attacks, the proposal adds.

Proposal aided Ethereum The co -founder of Vitalik Buterin would introduce limitations to the amount of computer work that can be commanded by individual transactions, strengthening the net against potential attacks and supporting more advanced forms of cryptography.

The proposal, named EIP-7983, co-authored is the explorer of the Ethereum Toni Wahrstaetter Foundation and recommends the so-called gas limit of 16,777,216 gas. Currently, Ethereum has a gas limit per block of about 36 million, without gas restriction in individual transactions.

Change would effectively divide “large transactions into smaller pieces”, increasing the stability of the Ethereum network, while protecting the network from “square attacks” and encouraging more use of evidence of zero knowledge, and description State of proposal.

Evan Van Nezs, a prominent Ethereum researcher, said EIP-7983 is aligned with a long-term community focus on ZK-MarksThe evidence of the zero knowledge that Ethereum developers are working to integrate into the Ethereum for almost a decade.

“This is another step towards the end game to shoot everything, so the whole internet values ​​flow through Ethereum,” he said Decipher.

The ZK-Narrks, which are “quite complex”, can be used to increase the scalability of Ethereum with privacy support, Buterin wrote in 2021 blog blog. Using evidence of zero knowledge, the party can prove that the statement is true to another party without discovering any other information.

Developers use zero knowledge evidence in designing a network management system Ethereum and the execution of code in smart contracts. Known as ZKVMS, less EIP-7983 transactions would make their design more predictable, the proposal states.

Theoretically, it is possible that ZKVM processes transactions in smaller pieces, but “in practice they were very willing to do for the added complexity,” the proposal added.

“We should just admit this point and make transactions smaller,” the proposal claims.

The gas represents the expenses necessary to perform the Ethereum transactions, and the fees are denominated in Gwei, the unit equal to one -protent billion of one ETH. According to EtherkanThe basic Ethereum transaction costs $ 2.6, or $ 0.18, from this writing on Monday.

By demanding more computer forces for processing, the average “replacement” costs $ 2.37 per Etherscan. Gas fees on Ethereum change the moment to the moment in response to network activity.

Without the limit of gas for transactions, it is possible that the working load of the participants of the network becomes “uneven”, which affects the total stability of the Ethereum, the proposal states. If the transactions determine the gas limit of the gas above 16.777.216, it would be rejected in accordance with the proposal.

In 2016, Ethereum faced Two attacks of denying a service This slowed down the ability of a network to process transactions. Although the patch was then derived and vulnerability probably no longer exists, the EIP-7983 would be a form of “added protection”, the proposal states.

Ethereum has recently changed about $ 2,550, which is a drop of 0.7% in the last 24 hours, said the data provider Co ringecko. The price of property has increased in May after the upgrade of Ethereum Pectra, but in the last year it remains 14%.

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