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Ethereum EIP-4488 proposal

November 26, 2021
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Ethereum EIP-4488 proposal

Ethereum developers are considering more mid- to long-term solutions, so Ethereum rollups will become the standard for L2 scaling solutions.

It is understood. Ethereum co-founder Vitalik Buterin and ConsenSys R&D engineer Ansgar Dietrichs. A new Ethereum improvement proposal EIP-4488 was proposed on November 23.

Looking at it now, they seem to make rollups 5 times cheaper than before.

The title of the Ethereum rollups enhancement EIP-4488 is “Transaction calldata gas cost reduction with total calldata limit”. (Reduce the transaction call data gas cost through the total call data limit). The official proposal describes it as “greatly reducing the gas cost of transaction call data. At the same time, the total transaction call data is limited to one block.”

It is still a draft under consideration. Once the Ethereum core developers and the community have thoroughly discussed and reviewed it. The final EIP may look a little different.

EIP-4488 protocol details

EIP-4488 pointed out. Although Ethereum aggregation will ultimately benefit from sharding technology. This technology will add approximately 1-2 MB of data dedicated to aggregation for the blockchain. But this still takes several years.

At the same time, taking into account the high cost of the Ethereum base layer. EIP-4488 can be relieved immediately by reducing the call data gas cost and limiting the total call data in the block. This makes it cheaper for Ethereum to aggregate transactions on L2.

The EIP-4488 proposal that includes the upgrade of Ethereum rollups may be implemented in the first quarter of 2022 before the Merge and will be a hard fork. This means that it is not backward compatible.

EIP4488 will increase the expansion of the chain and increase the storage requirements of the blockchain history

However, EIP-4444 is being discussed to limit the availability of historical data for more than one year. Because it is not very useful in the peer-to-peer layer. Although some sources still store this data for record keeping purposes.

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