Vitalik Buterin, co-founder of Ethereum, has introduced a series of proposals aimed at enhancing the stability and decentralization of the network. A key initiative is the introduction of a gas limit for individual transactions.
Ethereum Gas Limit
The proposal known as EIP-7983 involves setting a gas consumption cap of 16.77 million units (2²⁴) per transaction. This change could significantly reduce the network's vulnerability to denial-of-service (DoS) attacks and increase compatibility with emerging technologies.
zkVM Compatibility
The gas cap also aims to improve compatibility with zero-knowledge virtual machines (zkVM). These computational models are expected to become foundational for Ethereum scaling and privacy solutions, but face challenges processing large transactions. EIP-7983 encourages splitting gas-intensive transactions into smaller modules.
Future of Ethereum
During the conference, Buterin emphasized the need to return to the core principles of decentralization and simplicity in Ethereum's design. He called for streamlining the network's architecture to make it more robust and adaptable to market demands.
The EIP-7983 proposal is a step towards improving the resilience and security of Ethereum amid the increasing complexity of its ecosystem. It is crucial for the community to support these changes to secure the future of decentralized technology.
