Ethereum will introduce new transaction format to reduce transaction fees

time:2022-02-06 03:30 source:Internet

On February 6th, recently, Vitalik, the founder of Ethereum, proposed a solution to temporarily alleviate the scalability problems and transaction fees of layer 2 before sharding, and the new update can be bundled and added to the Shanghai hard fork. in the fork. Plans are already in the works for a near-term hard fork to introduce "blob-carrying transactions" that would improve Rollup's scalability, Vitalik said. By implementing a format that will be used for sharding but not actually sharding transactions, this EIP will provide a workaround until the transaction format is used for sharding. With this new fork, Ethereum transaction fees could be reduced to a fifth of current levels by the end of 2022, Vitalik said.

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