$ETH Ethereum officially raises the gas limit to 60 million, paving the way for Layer 1 expansion.
Recently, the gas limit of the Ethereum network has been adjusted from 45 million to 60 million. This adjustment was made automatically after receiving consensus from over 50% of validators without the need for a hard fork.
🔸 This move is driven by a combination of three technical innovations: EIP7623 to control the safe block size, optimized clients for handling high loads, and successful propagation testing.
🔸 Developers are actively pushing for Layer 1 expansion; however, future challenges related to state bloat and optimizing complex cryptographic operations still need to be addressed.
Will increasing the block capacity directly on Layer 1 help Ethereum reduce gas fees and compete better with high-performance blockchains in the short term?
Recently, the gas limit of the Ethereum network has been adjusted from 45 million to 60 million. This adjustment was made automatically after receiving consensus from over 50% of validators without the need for a hard fork.
🔸 This move is driven by a combination of three technical innovations: EIP7623 to control the safe block size, optimized clients for handling high loads, and successful propagation testing.
🔸 Developers are actively pushing for Layer 1 expansion; however, future challenges related to state bloat and optimizing complex cryptographic operations still need to be addressed.
Will increasing the block capacity directly on Layer 1 help Ethereum reduce gas fees and compete better with high-performance blockchains in the short term?