🔥🔥🔥 Ethereum‘s Gas Limit Just Got a Boost! 🔥🔥🔥
Ethereum, the leading blockchain network, has increased its gas limit to 31 million units for the first time since the Merge Upgrade (transition to PoS consensus Mechanism) on 3rd Feb 2025. This means that Ethereum’s transaction capacity has improved, allowing for more transactions per block. And the best part? This change in gas fee was achieved through the validator consensus, with over 50% signaling support, eliminating the need for a hard fork.
Gas is the main component of the Ethereum ecosystem, serving as the unit to measure the computational effort required for transactions or smart contract executions on Ethereum. By increasing the gas limit to 31 million, Ethereum is increasing scalability for the higher volume of transactions.
The developer co-founder of Ethereum, Vitalik Buterin, has acknowledged this development, stating that “L1 is scaling. A big shoutout to all the developers working on EIP-4444 (history expiry), statelessness… client efficiency upgrades, and other features that will make higher L1 gas limits decentralization-friendly.”
Buterin also mentioned that the Pectra upgrade is expected in March, which is aimed at doubling the capacity of layer 2 solutions by increasing the blob target from 3 to 6. He suggested that we should make staker-voted so that it can increase in response to technology improvements without waiting for hard forks.
With developments such as the Dencun Upgrade, proto-dank sharding, and now the increase in gas limit, Ethereum’s scalability and transaction efficiency are expanding. These factors could combined increase the network’s capabilities and meet the growing demand of the users.
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2025-02-04 14:29