Ethereum to Raise Gas Limit: Over 50% of Validators in Favor

user avatar

by Giorgi Kostiuk

2 years ago


Over 50% of Ethereum validators have expressed support for the gas limit increase, enhancing blockchain scalability without the need for a hard fork.

Support for Gas Limit Increase

As of February 4, Gaslimit.pics shows that over 52% of validators have voted in favor of raising the gas limit, surpassing the required 50% threshold to scale the network without a hard fork. The average Ethereum gas limit has been around 30 million since August 2021.

Consequences and Next Steps

Data from Blockscout shows the gas limit is already rising, reaching over 33 million. This is the first increase after the Proof-of-Stake upgrade and the Merge in September 2022. Ethereum co-founder Vitalik Buterin is calling for the Pectra fork, planned for March, to increase the data blob target to six.

Debates and Risks Insight

The Ethereum community has had heated debates on the gas limit increase's advisability. Some argued that raising it to 36 million would enhance network capabilities, while others warned of potential stability and security risks if the limit was increased excessively.

The initiative to increase Ethereum's gas limit is actively ongoing. Despite significant validator support, discussions about potential risks continue.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Meta Platforms' Shares Surge Following AI Assistant Launch

chest

Meta Platforms' shares rose over 6% after the launch of its AI assistant, Muse, which helps users manage tasks and goals.

user avatarTomas Novak

Galaxy Announces $5 Million Funding for Bitcoin Quantum Security Research

chest

Galaxy announced up to $5 million in funding for Bitcoin quantum-security work, including developer grants, research, and an advisory council.

user avatarMaya Lundqvist

IonQ Launches Superion 256 Quantum Computer with Orders Open for 2027 Delivery

chest

IonQ has launched its Superion 256 quantum computer, opening orders for delivery in 2027.

user avatarKaterina Papadopoulou

Prediction Markets Show Shifts in Oil Price Expectations

chest

Prediction markets are reacting to oil price fluctuations, with traders speculating on whether crude will reach $120 or fall to $55 first.

user avatarAisha Farooq

Record Diesel Prices Hit Ahead of Midterm Elections

chest

Record diesel prices reached a high of 594 a gallon, raising concerns about consumer affordability ahead of the midterm elections.

user avatarLi Weicheng

Brent Crude Surpasses $100 Amid Geopolitical Tensions

chest

Brent crude oil prices rose above $100 for the first time in six weeks due to geopolitical tensions, including attacks on Saudi oil facilities and US military responses.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.