• 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

Mastercard to Settle Card Flows Using Ripple USD

chest

Mastercard is collaborating with Gemini to integrate Ripple USD into its payment network, aiming to enhance card transaction efficiency and improve cross-border payments.

user avatarRajesh Kumar

Bitcoin Coinbase Premium Gap Turns Negative, Signaling Potential Bearish Trend

chest

The Bitcoin Coinbase Premium Gap has recently flipped into negative territory, indicating a potential bearish trend for Bitcoin's price.

user avatarLucas Weissmann

Bitcoin Price Analysis Indicates Low Probability of New Lows

chest

Crypto analyst Sykodelic suggests that the chances of Bitcoin hitting new lows have significantly decreased based on long-term technical signals.

user avatarFilippo Romano

Bitcoin Mining Companies Shift Focus to AI Amid Revenue Concerns

chest

Capriole Investments founder Charles Edwards warns of a significant decline in Bitcoin mining revenue as companies pivot to AI.

user avatarEmily Carter

Bitcoin Long-Term Holder Supply Increases Amid Profitability Concerns

chest

The Bitcoin long-term holder (LTH) cohort is expanding, but profitability metrics indicate caution in the market.

user avatarTomas Novak

Ethereum's Price Dynamics Under Review

chest

Analyst Crypto Patel discusses key levels that will determine Ethereum's next price move, advising patience as the market dynamics evolve.

user avatarKaterina Papadopoulou

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.