Vitalik Buterin, co-founder of Ethereum has proposed an increase in the network’s gas limit by 33%. This switch is targeting the increase of transaction capacity, which could also lead to lower fees for users but increased operational costs for validators.
Ethereum’s gas fees account for the computational resources required to process transactions. However, the gas limit limits transaction complexity and volume by setting a maximum amount of gas per block.
Buterin said during the Reddit AMA with the Ethereum Foundation Research team ”The gas limit has not been raised for almost three years. He recommended increasing it to 40 million instead of the current capacity, which was at 30.
This increase wouldn’t require a large-scale code update, it can be implemented by validators after adjusting their node software. The proposal generated debates on the implementation of a fee reduction while keeping validator costs and network stability.
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