Dankrad Feist, an Ethereum developer, has presented a new ambitious scaling plan known as EIP-7938. The initiative aims at increasing Ethereum's gas limit by 100 times over the next four years.
Scaling Ethereum
The plan includes a significant increase in the gas limit, enabling the network to better handle periods of heavy use. Feist believes this solution may alleviate concerns about the current capacity of existing network methods.
Expert Opinions and Market Reactions
Feist described his initiative as unconventional, warning that current implementation methods could lead Ethereum to lose value in the next 5-10 years.
CITE_W_A: "It’s time to think differently, or else Ethereum could become obsolete in the coming years."
Cardano founder Charles Hoskinson expressed that Ethereum's technological structure is outdated, and the fragmented infrastructure could adversely affect the network's future.
Long-Term Perspectives and Strategic Advantages
The proposed scaling of Ethereum aims to prevent liquidity dispersion while ensuring the chain remains verifiable and resistant to censorship. Feist noted that this would allow expansion without compromising integrity. In the long term, the plan is viewed as an opportunity to improve Ethereum's competitiveness and address aging issues within the network.
The announced scaling plan reignites debates about Ethereum's future and emphasizes the significance of the network's long-term strategy concerning technology development and infrastructure improvements.
