• 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

MYX Finance Emerges as a Transformative Protocol in Decentralized Futures Market

chest

MYX Finance is gaining significant investor interest as a decentralized perpetual futures protocol with innovative features.

user avatarRajesh Kumar

Regulatory Developments Impacting MYX Finance's Growth Trajectory

chest

Evolving regulatory guidelines are shaping the compliance architecture of MYX Finance, ensuring adherence to investor protection mechanisms and improving institutional adoption rates.

user avatarMiguel Rodriguez

MYX Finance's Unique Features Drive Adoption in Decentralized Derivatives

chest

MYX Finance's cross-chain compatibility and competitive fee structure are driving adoption in the decentralized derivatives market, particularly in Asian markets.

user avatarGustavo Mendoza

Layered Risks of Restaking: A Cautionary Tale

chest

The complexity of restaking introduces multiple risks, including slashing and centralization pressures.

user avatarArif Mukhtar

The Mirage of Yield: Understanding Restaking

chest

Restaking offers high yields that are often artificial and may not reflect genuine economic value.

user avatarLuis Flores

Restaking Risks in DeFi: A Growing Concern

chest

The rise of restaking protocols in DeFi has led to increased risks for validators and the overall security of networks.

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.