Vitalik Buterin Proposes EIP-8288 to Reduce Ethereum Transaction Costs
- EIP-8288 aims to aggregate STARK proofs and cryptographic signatures at the mempool level, potentially lowering costs for post-quantum signatures and private transactions.
- The proposal could reduce verification costs for hashed post-quantum signatures from approximately 150,000-200,000 gas to a few tens of thousands of gas.
- Buterin estimates that optimized private transactions currently costing about 300,000 gas could also see significant reductions under this model.
- The proposal is expected to be included in the upcoming I-star upgrade following Hegota.
- EIP-8288 would allow new cryptographic schemes without modifying the Ethereum Virtual Machine (EVM), potentially easing development processes.
The implementation of EIP-8288 would shift some computations off Ethereum’s main execution path while maintaining a compact proof on-chain, enhancing efficiency and reducing costs for various cryptographic operations.
If successful, EIP-8288 could make post-quantum signatures “ultra-cheap,” significantly lowering transaction costs for users and developers alike. (Source)
