On October 24, Ether co-founder Vitalik Buterin said in a social media post that I think the ideal scenario would be to make deep but selective cuts to Gas costs:
- Reduce the gas cost to 1 for all EVM opcodes currently in the 2-5 range, and to 2 for those in the 6-10 range.
- Reduce the gas cost of logging operations by a factor of 4.
- Reduce the gas cost of precompiled contracts (except for those we plan to deprecate).
In this way, it is possible to improve TPS by 1.5x without compromising any key worst-case metrics (e.g. calldata size, IO).