How can EIP-4337 improve the efficiency of cryptocurrency transactions?

3 answers

• Nov 27, 2021 · 3 years ago
  EIP-4337, also known as the 'Repricing Gas Cost' proposal, aims to improve the efficiency of cryptocurrency transactions by adjusting the gas cost of certain operations. This proposal suggests reducing the gas cost of specific operations that are commonly used in smart contracts, such as arithmetic operations and bitwise shifting. By reducing the gas cost, EIP-4337 can make these operations more affordable, leading to lower transaction fees and faster transaction processing times. This improvement in efficiency can benefit both users and developers, making cryptocurrency transactions more accessible and scalable.
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• Nov 27, 2021 · 3 years ago
  With EIP-4337, the efficiency of cryptocurrency transactions can be significantly improved. By reducing the gas cost of commonly used operations, such as arithmetic operations and bitwise shifting, this proposal allows for faster and more cost-effective transactions. Lower gas costs mean lower transaction fees, making it more affordable for users to engage in cryptocurrency transactions. Additionally, faster transaction processing times can enhance the overall user experience and increase the scalability of the cryptocurrency network. EIP-4337 is a promising development that can contribute to the widespread adoption of cryptocurrencies.
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• Nov 27, 2021 · 3 years ago
  EIP-4337, also known as the 'Repricing Gas Cost' proposal, is a significant step towards improving the efficiency of cryptocurrency transactions. This proposal suggests reducing the gas cost of specific operations used in smart contracts, which can lead to lower transaction fees and faster transaction processing times. By making these operations more affordable, EIP-4337 can encourage more users to participate in cryptocurrency transactions and promote the growth of the cryptocurrency ecosystem. It is important for the cryptocurrency community to embrace such improvements to ensure the long-term success and usability of cryptocurrencies.
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