Ethereum EIP-8488 draft proposes a new opcode mechanism to implement version-based Gas fee pricing

TechFlow reported on November 09 that the Ethereum community recently proposed the EIP-8488 draft, which plans to introduce V2 opcodes to apply new Gas billing rules to newly deployed smart contracts while preserving the original execution costs of existing contracts.

According to the proposal, new contracts will be version-tagged at deployment and will use V2 opcodes that comply with the pricing rules of EIP-8037 and EIP-8038. New cross-contract calls will only support V2 contracts, while instructions such as GAS and GASLIMIT that can directly obtain Gas metering information will be removed to prevent new contracts from relying on legacy billing logic.

The proposal aims to reduce the compatibility impact of Gas repricing on existing contracts and create conditions for future control of on-chain state growth and gradual increases in the Gas limit. EIP-8488 remains a draft and has not yet been officially implemented.

Source: TechFlow