Vitalik Buterin, Anders Elowson proposes EIP-7999 for overhaul of Ethereum fees

Ethereum co-founder Vitalik Buterin and developer Anders Elowson have introduced EIP-7999, a proposal to revise the cost structure of the network by uniting multiple sources with a single maximum reimbursement.

The move is intended to simplify transaction prices and at the same time improve capital efficiency, to tackle existing concerns about the complex market design of Ethereum for a long time.

A uniform approach to the Ethereum’s Fee market

EIP-7999 tries replace The current multi-layered cost system from Ethereum, where users set separate costs for gas and blob data, with a single Max_Fee parameter. This change would enable them to specify one aggregated compensation that cover all transaction sources, including calculation, storage and data blocks.

The protocol would then dynamically assign this total reimbursement pool to cover the actual costs incurred for the different resource dimensions, which reduces the risk of failed transactions due to incorrectly assigned budgets.

Buterin’s suggestion builds on earlier work such as EIP -7706, multidimensional gas proposals and standardization mechanisms such as EIP -7742 and EIP -7918. Calldata will be the first source aimed at integration, with the potential to extend later to other EVM dimensions. The aim is to improve the predictability of the reimbursements, to reduce the cognitive burden on users and to allocate capital more efficiently to resources.

It also follows the earlier urge of the co-founder for a 16.7 million gas cap per transaction (EIP-7983), which indicates a broader effort to refine the economic model of Ethereum as the adoption grows. Developers claim that this shift will improve the user experience, as most participants think in terms of total ETH costs instead of individual resource prices.

Market impact and future implications

In the meantime, on the market, ETH has lately bled some value, which immerses some 0.3% in 24 hours and a more noticeable 4.1% for seven days. However, it remains resilient about longer timetables and almost 42% has risen in the past month and 46.4% on an annual basis.

The introduction of EIP-7999 could further influence sentiment, especially if this leads to lower transaction costs or more flexible reimbursement estimate.

In addition to immediate UX improvements, the proposal comes with the long-term objectives of Ethereum. By disconnecting the prices of resources, developers can get a finer control over network restrictions, such as the growth of state and calculation limits, without sacrificing decentralization.

If adopted, EIP-7999 could lead to more advanced reimbursement structures, to support Ethereum’s evolution as a multidimensional version layer. For now it remains in discussion, in which developers weigh his technical and economic considerations.