• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Drift Protocol Exploit Triggers Scrutiny on Stablecoin Issuers

chest

The recent $280 million exploit of Drift Protocol has led to increased scrutiny on stablecoin issuers, particularly Circle, for their response to hacks.

user avatarMaria Fernandez

Toncoin Network to Cut Transaction Fees Significantly

chest

Toncoin network will reduce transaction fees from 0.000239 TON to 0.000039 TON as part of the MTONGA initiative, enhancing user experience.

user avatarRajesh Kumar

Toncoin Network Upgrade Boosts Speed and Efficiency

chest

The Toncoin network has undergone an upgrade that significantly improves its speed and transaction efficiency.

user avatarGustavo Mendoza

Market Analysts Debate Bitcoin's Current Structure and Future Potential

chest

Market analysts debate Bitcoin's current structure and future potential, with skepticism about its market bottom.

user avatarMiguel Rodriguez

Peter Brandt Predicts Bitcoin Could Reach $300,000 to $500,000 by Late 2029

chest

Veteran trader Peter Brandt predicts Bitcoin could peak between $300,000 and $500,000 by late 2029, based on historical cyclic patterns.

user avatarLuis Flores

Crypto Analyst Predicts Dogecoin Price Rally to $2

chest

Crypto analyst Crypto Patel forecasts a significant price increase for Dogecoin, projecting it could reach $2 based on historical chart patterns.

user avatarMaria Gutierrez

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.