Top Cryptocurrency News: Ethereum’s Vitalik Buterin Makes New

Ethereums’ Vitalik Buterin proposes further scalability

changes to gas prices as the network looks for short-term solutions to scalability issues.

Vitalik Buterin, the founder of Ethereum, has proposed new solutions to address efficiency issues with how memory usage is limited on the Ethereum Virtual Machine (EVM).

The Ethereum founder explains in his post that there are now two approaches to restrict the memory consumption of the EVM: a quadratic memory expansion cost and a de facto call stack depth limit imposed by the EIP-150 "63/64 rule". These systems punish ordinary users too harshly and DoS attackers too lightly, while they are relatively successful at achieving their intended aim despite being too convoluted and inefficient.

Buterin claims in the post that “the existing methods used to estimate maximum memory consumption lack a clear methodology, charge excessive gas prices to extend memory usage even if it uses no extra resources, and are inconsistent in how they price memory usage.”

The programmer has three options to achieve this goal: cap memory by gas, cap total memory at 30m when considered apart from gas, or cap memory by the square root of gas.

It is worth noting that the network has experienced problems with high gas costs and scalability due to the network's rising usage. Numerous DeFi initiatives have thought of launching on rival Layer 1 blockchains as a result of these problems.