Scaling Ethereum Without Trade-Offs: Inside EIP 4488

Posted on by American Coins & Gold

Scaling Ethereum Without Trade-Offs: Inside EIP 4488
Last week, Ethereum co-founder Vitalik Buterin brought forth Ethereum Improvement Proposal (EIP) 4488, an upgrade that could drive down transaction costs for Ethereum rollups like Arbitrum, Optimism and zkSync. The proposal detailed the immediate steps for pushing gas fees down without sacrificing security, as well as the roadmap for moving forward post-Merge. Here are some of the ideas contained within the proposal:Layer 2 rollups batch users’ transactions and post them to mainnet via “calldata.” Calldata is defined by OpenZeppelin as “a read-only byte-addressable space where the data parameter of a transaction or call is held.” According to Buterin’s blog post,…