Vitalik Buterin, co-founder of Ethereum, in collaboration with researcher Toni Wahrstätter, has proposed a new enhancement for the Ethereum network by setting a gas limit of 16.77 million for individual transactions.
Goals of the Initiative
The primary goal of this proposal is to reduce risks associated with network overload. The gas limit aims to prevent certain attack vectors on the network and improve its stability.
Challenges Facing Ethereum
The Ethereum network faces overload issues that can negatively impact its performance and security. Such problems may arise from an increasing volume of transactions.
New Technologies and Limitations
The initiative also aims to support new technologies, such as zero-knowledge virtual machines (zkVMs), which may enhance the system's functionality and increase privacy.
Vitalik Buterin's proposal for implementing a gas cap could represent a significant step towards improving the security and performance of the Ethereum network.
