Ethereum-based transactions currently have two gas fees: one for transaction execution and another for storing data.
Ethereum co-founder Vitalik Buterin has proposed a new Ethereum Improvement Protocol (EIP) 7706 focused on a new gas model for the transaction call data.
Ethereum-based transactions currently have two types of gas fees: one for transaction execution, which covers the computational effort required to perform a transaction, and one for storage, which is the cost of storing data in “blobs.”
Buterin’s (EIP) 7706 proposes a third form of gas exclusively for call data, the portion of an Ethereum transaction containing key data transmitted to smart contracts.
