Vitalik Buterin, the co-founder of Ethereum, has put forth a proposal to introduce multidimensional gas pricing in his latest essay, aiming to address the limitations of the current commission system.
In Buterin’s vision, the existing peer-to-peer model of the Ethereum network, where all computing processes are measured in a single metric known as gas, can be enhanced by embracing multidimensional gas pricing. While the current system simplifies market transactions and fee calculations, it amalgamates fundamentally distinct types of resources, leading to inefficiencies and potential risks in block validation.
Buterin argues that the integration of various resources as interconvertible, despite their inherent differences, results in suboptimal utilization of computing power and can lead to the acceptance of unsafe blocks or rejection of secure ones within the blockchain.
By transitioning to a multidimensional gas model, Buterin suggests that the network’s true constraints and capabilities can be more accurately reflected, potentially expanding capacity without compromising the uniqueness of resources.
This proposal builds upon Buterin’s earlier discussions on multidimensional gas, particularly its incorporation in the EIP-4844 update. Notably, the introduction of new transaction types for large binary data arrays, referred to as BLOBs, during the Dencun update has significantly reduced costs for layer 2 solutions, particularly those leveraging rollup technology. The successful implementation of the Dencun hard fork on the mainnet on March 13 marks a pivotal step towards realizing these advancements in Ethereum’s infrastructure.
