Ethereum Co-Founder Vitalik Buterin Proposes A 33% Boost In Network's Gas Limit
Portfolio Pulse from Mehab Qureshi
Ethereum co-founder Vitalik Buterin has proposed a 33.3% increase in the Ethereum block gas limit, from 30 million to 40 million units. This would allow more transactions per block, enhancing network capacity. The proposal, supported by Coinbase protocols lead Jesse Pollak, does not require a hard fork but can be implemented by validators adjusting node configurations. The proposal is seen as a positive development for the Ethereum network.
January 12, 2024 | 9:53 am
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The proposed increase in Ethereum's gas limit could lead to improved network efficiency and capacity, potentially increasing the demand for Ethereum as it becomes more scalable.
The increase in gas limit is directly related to Ethereum's performance and scalability. If implemented, it could lead to a more efficient network, which is likely to be viewed positively by investors and users, potentially leading to an increase in the price of ETH in the short term. The confidence level is not at 100 because market reactions can be unpredictable and external factors could also influence the price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100