• 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

US Attorneys Office Seizes Over $600K in Cryptocurrency from Fraud Scheme

chest

The US Attorneys Office for the District of Connecticut has successfully recovered and forfeited over $600,000 in cryptocurrency linked to a phishing scam targeting a Ledger hardware wallet user.

user avatarTenzin Dorje

Google Moves Postquantum Migration Deadline to 2029

chest

Google has moved its postquantum cryptography migration deadline to 2029, indicating a closer quantum threat.

user avatarBayarjavkhlan Ganbaatar

Federal Reserve Confirms Interest Rates Will Remain Steady, Boosting Crypto Market

chest

Federal Reserve official Musalem confirmed that current interest rates will remain appropriate for some time, positively impacting the cryptocurrency market.

user avatarMohamed Farouk

QuipNetwork Engages Researchers with QUIP Tokens for Solving Complex Challenges

chest

QuipNetwork incentivizes researchers with QUIP tokens for solving optimization challenges, promoting innovation and resource sharing within the network.

user avatarElias Mukuru

QuipNetwork Launches Public Testnet Merging Quantum and Classical Computing

chest

Postquant Labs introduces QuipNetwork, a public testnet that integrates quantum and classical computing, attracting global academic interest.

user avatarDiego Alvarez

MYX Finance Innovates Derivatives Trading

chest

MYX Finance introduces a non-custodial derivatives exchange with a Matching Pool Mechanism designed to enhance trading efficiency.

user avatarKenji Takahashi

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.