Ethereum Transaction Costs Reduced by 99%: Vitalik's EIP-8288 Proposal

Ethereum co-founder Vitalik Buterin has proposed EIP-8288, which aims to significantly reduce the cost of cryptographic signature verification in preparation for the era of quantum computing. This technology utilizes STARK to integrate the verification processes of multiple cryptographic signatures, aiming to secure both the security and scalability of Ethereum. Buterin stated that the existing quantum-resistant signature verification requires about 10 million gas, but with the application of EIP-8288, this can be reduced to tens of thousands of gas. This represents a cost reduction of over 99%. EIP-8288 is designed to support various signature methods without directly embedding individual algorithms into the network. This proposal is linked to account abstraction technology and is expected to lay the groundwork for users to utilize various security systems. However, the stability of quantum-resistant technology remains a verification challenge. EIP-8288 is anticipated to be associated with the I-Star upgrade following the upcoming Hegota hard fork, but the specific implementation timeline is yet to be determined.

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