A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control, or document events and actions according to the terms of a contract or an agreement. The objectives of smart contracts are the reduction of the need for trusted intermediates, arbitration costs, and fraud losses, as well as the reduction of malicious and accidental exceptions
Ethereum Developers Propose EIP-7706 for Lower Gas Fees
A new proposal could reduce costs for certain ETH transactions. Targets calldata-heavy operations Could help L2s and DeFi protocols Still...
