RATE Group | More Efficient Clone Contract Functionality Could Soon Be Coming To Ethereum Blockchain
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More Efficient Clone Contract Functionality Could Soon Be Coming To Ethereum Blockchain

03 Aug More Efficient Clone Contract Functionality Could Soon Be Coming To Ethereum Blockchain

Posted at 23:30h in Ethereum News by

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EIP 1167 entered “last call” status yesterday and is open for comments for the next two weeks before it is finalized. This Ethereum Improvement Proposal allows any number of cloned contracts to redirect calls and gas fees more cheaply and with fewer side effects than is currently possible.

As of Thursday, EIP 1167: Minimal Proxy Contract, created by Peter Murray, Nate Welch, and Joe Messerman, entered “last call.” The Ethereum Improvement Proposal is open for comment for the next two weeks, after which time, assuming everything goes well, the code will be considered finalized. If it is rejected by the community, the EIP will re-enter draft status.

The proposed standard applies to the functionality of cloned contracts and is intended to reduce gas prices in cloned contracts. Specifically, EIP 1167 allows any number of cloned contracts to redirect calls to one known address (known as the master contract), and for users to trust that the master contract will behave in the same…

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