• 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

Oil Prices Fluctuate Following False Social Media Post

chest

A social media post by US Energy Secretary Chris Wright led to a temporary drop in oil prices, which quickly rebounded after reports of Iranian mine deployment in the Strait of Hormuz.

user avatarRajesh Kumar

Trump Issues Strong Warning to Iran Over Strait of Hormuz

chest

President Trump escalated tensions with Iran, demanding the removal of mines in the Strait of Hormuz and warning of unprecedented military consequences if they do not comply.

user avatarGustavo Mendoza

Bybit Prevents $300 Million in Unauthorized Withdrawals Amid Rising Crypto Theft

chest

Bybit has blocked over $300 million in unauthorized withdrawals, highlighting ongoing challenges in crypto theft.

user avatarMiguel Rodriguez

Altcoin Market Shows Early Signs of Stabilization

chest

Recent data indicates that parts of the altcoin market, particularly Total3, are beginning to stabilize despite ongoing geopolitical tensions.

user avatarLuis Flores

Bitcoin Surges Above 70K Amid Mixed Market Signals

chest

Bitcoin's price recovery above $70,000 has sparked renewed interest and discussions on social media, despite ongoing market uncertainties.

user avatarArif Mukhtar

Cardano's DeFi Activity Surges with New Stablecoin Integration

chest

Cardano has experienced a significant rise in DeFi activity, with total value locked increasing from 447 million ADA to 552 million ADA in 12 days, following the integration of the USDCx stablecoin.

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.