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Ethereum’s Capacity Boost: Buterin Advocates For 33% Increase In Gas Limits

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Ethereum, the blockchain network renowned for its smart contract capabilities, stands on the brink of a significant shift. Co-founder Vitalik Buterin has proposed a proposal that could amplify the network’s capacity.

During a recent Reddit ask-me-anything session, Buterin discussed possibly increasing Ethereum’s block gas limit by a substantial 33%. This suggestion, aimed at elevating the limit from 30 million to 40 million gas units, marks a potential turning point for Ethereum. The Ethereum Co-founder noted:

Honestly, I think doing a modest gas limit increase even today is reasonable. The gas limit has not been increased for nearly three years, which is the longest time ever in the protocol’s history (that 2x bump in the chart in late 2021 is “fake”, in that it reflects the EIP-1559 transition, which increased the “limit” by 2x but only increased actual average usage by ~9%). And so splitting the post-2021 gains from Moore’s law 50/50 between increased capacity and increased ease of syncing/verification would imply an increase to around 40M or so.

Notably, the block gas limit in Ethereum plays a critical role in determining the network’s transaction processing capacity. It limits the total computational effort to be disbursed in processing transactions and executing smart contracts within a single block.

Potential Impacts And Industry Reactions To The Proposed Gas Limit Increase

Buterin’s endorsement of a higher gas limit has stirred discussions among industry leaders. Martin Köppelmann, co-founder of Gnosis, acknowledges that this change could pose operational challenges for nodes, potentially leading to increased Go to Source to See Full Article
Author: Samuel Edyme

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