Recently, Ethereum introduced a new improvement proposal targeted at scaling the network. Researcher Dankrad Feist initiated EIP-9698, which could significantly increase the gas limit.
Details of EIP-9698 Proposal
EIP-9698, proposed by Dankrad Feist, offers a new gas limit growth plan starting at epoch 369017, around June 1. The proposal is designed to increase the gas limit tenfold over two years, ultimately reaching 3.6 billion, allowing approximately 6,000 transactions to fit into Ethereum blocks.
Impact on Ethereum's Performance
With the current gas limit at 36 million, Ethereum can handle about 20 transactions per second. Considering the proposed limit increase schedule, Ethereum could theoretically achieve up to 2,000 transactions per second, improving its competitiveness against platforms like Solana.
Future Updates and Criticism
In addition to EIP-9698, Ethereum developers are also looking to test a fourfold increase in the gas limit in the Fusaka hard fork. Critics of the current second layer scaling strategy argue that it fragments the ecosystem and complicates interoperability across different parts of the network.
The proposals outlined in EIP-9698 and related initiatives represent steps towards improving Ethereum's scalability. The success of these initiatives will depend on support from the community and developers.
