Ethereum could use a lot better A system that charges users transaction fees, the network's chief architect Vitalik Buterin argued in a widely circulated article published Thursday.
Buterin's post laid the path to a A more customized and fairer system, immediately received a response from two major groups. Ethereum Users who expressed their joy at seeing lower fees on the network's expensive network, as well as Solana users and developers, noted that Buterin's proposal was as horrible as Solana Network's own payment model.
“It's really a Solana-esque approach,” said Mert Mumtaz, a Founder and CEO of the famous Solana builder and infrastructure startup Helios LabsHe told him Decrypt.
So how similar is it? Buterin's “multidimensional gas payments” proposal for Solana's “local payment markets”?
Gas Fees refer to the transaction costs that blockchain users pay to the network. This system is the way tokens like Ethereum (ETH) and Solana (SOL) are valued. Just like you need SOL to do things on Solana, if you want to do anything on the Ethereum network, you need ETH to pay for gas. Gas charges increase when there is more activity on the network. And gas bills go down when there's less activity.
In some ways, Solana's current gas charge structure And Vitalik The “multiple gas payments” proposal has its roots in the same. Philosophy: In the name of fairness, on-chain transactions should be priced according to the needs of different types of transactions. In practice, however, the leaders of the two networks seem to have different ideas about how to implement such a philosophy – leading to significant differences in user experience.
Solana is currently in A “Local Payment Markets”. Structure, its gas payments according to each account, project by project. In this system, increases in gas charges due to network congestion are identified for certain projects.
For example, a gas fee increase triggered by the hot Solana NFT Mint should only affect users interacting with this project – other users throughout the Solana network should be unaffected. (There are currently some. Disagreement In the Solana community, whether the local payment markets work as intended, in part Overcrowding (It can occur in a crowded small gas ecosystem.)
But Solana's setup makes for a stark contrast to Ethereum—the wildly popular NFTs have long been in demand. Shut down the entire networksending gas bills to everyone.
The concept of “multi-gas payments” proposed by Vitalik Buterin seeks to make Ethereum's transaction costs more fair. But it doesn't seem like a boutique system like Solana, where every project on Ethereum becomes its own secure gas ecosystem.
Instead, the versatile gas on Ethereum only differentiates between the various macro categories of effort required to complete network transactions, said Marius van der Wijden, Ethereum's core developer. Decrypt. For example, compute, storage and call data may fetch different premiums at a given moment depending on demand. Different transactions on the chain consist of different ratios of those computing categories.
By Per Buterin, Ethereum Dencun update, released live In MarchIt established the first stage of such a system by sending Layer-2 data from Layer-2 networks such as Arbitrum. Blobs feature a different value and different limits than the rest of the Ethereum block.
On a macro level, expanding multi-dimensional gas to separate multiple categories of computation can improve Ethereum's efficiency, and in Buterin's view, greatly increase the network's scalability.
But it can't protect Ethereum users from the speed of network dynamics generated by trending projects – it's not boutique by design.
So, that's all: Solana and Ethereum experts, fear not. There will still be many differences to separate.
Edited by Andrew Hayward.
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