Vitalik Buterin has announced that 50% of Ethereum’s stakeholders have voted in favor of increasing the gas limit. He also urged caution, with the network approaching a pivotal scaling decision.
Vitalik Buterin Says Ethereum Is Ready for a Gas Limit Bump
Vitalik Buterin, co-founder of Ethereum, has confirmed that almost 50% of validators have signaled support for raising the Layer 1 gas limit to 45 million, up from the current 37.3 million. This change could significantly boost Ethereum’s transaction throughput, letting more complex operations and higher volumes flow through the blockchain.
Buterin highlighted that this effort follows years of research and engineering improvements. He also referred to the recent upgrade of Geth (the Go Ethereum client) to version 1.16.0, which has been especially critical. It reduced the storage size of archive nodes from over 20 terabytes to around 1.9 terabytes, making it easier for smaller validators to keep up.
Ethereum’s gas limit functions as a ceiling on how much computational power each block can demand. Increasing this limit enables each block to accommodate more transactions, thereby accelerating the network. However, it may also put too much pressure on solo validators, potentially leading to centralization.
The hike has been promoted by community initiatives with slogans like ‘pump the gas’, which sees it as a fair response to growing demand. While validators can adjust the gas limit gradually (about 0.1% per block), nearly 48% of staked ETH is now targeting the higher cap.
Caution Urged as Ethereum Scaling Efforts Accelerate
Vitalik Buterin acknowledged that scaling is not merely about pushing boundaries but about “thoughtful engineering.” Past hikes in gas limits sometimes sparked fears that the network could become too resource-intensive, excluding smaller node operators and weakening decentralization.
Buterin stated that recent updates to the client, like the Geth PBSS archive mode, have made it easier and safer to increase capacity. These updates reduce disk space needs by almost 90%. This helps maintain Ethereum’s decentralized nature even as its capacity grows.
Furthermore, Buterin warned that trying to scale Ethereum too quickly could harm the network’s health. He emphasized the need to maintain a balance between growth, security, and decentralization, which are essential to Ethereum’s purpose. As reported by CoinGape, Buterin shared plans to improve Ethereum’s scalability by up to 10 times within the next year, adding to the project’s already ambitious goals.
Notably, Ethereum is working to improve its system beyond just minor changes to Layer 1 fees. Recent updates, such as Proto-Danksharding and the upcoming Pectra roadmap, focus on making Layer 2 rollups and sharding more efficient. These changes aim to expedite transactions and reduce costs, thereby easing network congestion.
Ethereum is also benefiting from wider trends in the cryptocurrency world. The White House is preparing its first official report on digital assets, set to be released on July 22 under Executive Order 14178. Additionally, 56 organizations have accumulated $6.44 billion in Ethereum, showing strong interest from institutional investors. The increase in Ethereum’s gas limit shows the network’s growth and its goal to meet rising demand.
Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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