• 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

Capitulation Signal in Memecoin Market

chest

Santiment reports that the memecoin sector is showing signs of capitulation, indicating a potential turning point.

user avatarJesper Sørensen

Memecoins Experience Significant Market Decline

chest

The memecoin market has seen a sharp decline, with a total market capitalization drop of 34% over the past month.

user avatarRajesh Kumar

Experts Urge Action on Quantum Threats to Bitcoin Security

chest

Experts discuss the urgency of addressing quantum computing risks to Bitcoin's security.

user avatarLucas Weissmann

Tensions Rise Between Bitcoin Holders and Developers Over Quantum Threats

chest

Tensions are rising between significant Bitcoin holders and developers over concerns regarding quantum threats to the network, with potential shifts towards a more centralized development approach.

user avatarFilippo Romano

Mixed Performance in Bitcoin Spot ETFs Amid Ongoing Market Challenges

chest

Mixed performance in Bitcoin Spot ETFs as some funds attract inflows while others face outflows amid market challenges.

user avatarEmily Carter

US Bitcoin Spot ETFs Experience Major Capital Flight Amid Price Struggles

chest

US Bitcoin Spot ETFs experienced significant capital flight with net outflows of $35.991 million in the second week of February, reflecting cautious sentiment among institutional investors amid price struggles.

user avatarTomas Novak

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.