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I Support EIP-4488! Let's make rollups cheaper!
Let me explain what this is about, and why I support it 🧵
#supportEIP4488
Let me explain what this is about, and why I support it 🧵
#supportEIP4488
Technical TLDR: EIP-4488 reduces the calldata cost from 16 to 3 gas per byte, with a cap on calldata per block to mitigate security risks.
End-user TLDR: rollup cost overhead decreases, thus lowering L2 fees.
End-user TLDR: rollup cost overhead decreases, thus lowering L2 fees.
This sounds too good to be true, so here's the catch:
It does not directly increase L1 data capacity, but rather balances cost of execution with cost of data in favor of rollups,
while retaining a similar max capacity.
It does not directly increase L1 data capacity, but rather balances cost of execution with cost of data in favor of rollups,
while retaining a similar max capacity.
