Vitalik Buterin Plans for Ethereum’s Capacity Surge

In a recent paper, co-founder of Ethereum Vitalik Buterin argued for multidimensional gas pricing as a creative way to overcome the drawbacks of the existing commission structure.

As per Buterin’s proposal, the Ethereum network will shift to a peer-to-peer architecture in which every computing activity, including data transfer, storage, and encryption jobs, is measured with a single metric called gas.

Challenges of Current System

While the existing framework simplifies market transactions and commission calculations, Buterin highlighted significant drawbacks. He emphasized that by amalgamating distinct resources into a single metric, the system inadvertently fosters inefficiencies and compromises network security.

Buterin suggests using a multidimensional gas model because he thinks it would provide a more realistic representation of the network’s capabilities and limitations. This change could improve network capacity without compromising resource specificity.

In the past, Buterin made reference to the use of multidimensional gas in the EIP-4844 update. Large binary data array processing was improved with the introduction of BLOBs, a new transaction type, in this release. These adjustments were incorporated into the ensuing Dencun hard fork, which drastically lowered the cost of layer 2 solutions—especially those that used rollup technology.