The transaction processing speed of the Ethereum (Ethereum) network is expected to improve again at the beginning of next year. It is reported that developers are discussing a plan to raise Ethereum's 'gas limit' from the current 60000000 to 80000000 in January next year.
Christine Kim, Vice President of Research at Galaxy Digital, revealed in an article summarizing the recent 'Core Developers All Hands' meeting that developers from Nethermind stated that preparations should be made to increase the gas limit after the scheduled 'BPO hard fork' on January 7.
The gas limit refers to the maximum computational capacity that an Ethereum block can handle. The higher this value, the more transactions or smart contracts a single block can contain. This will directly lead to an increase in the blockchain's processing capacity.
However, Barnabas Boots, an operational engineer at the Ethereum Foundation, pointed out that certain prerequisites must first be met. He explained that the Gas limit can only be raised after the execution layer implements the 'partial Blob response' functionality and the consensus layer implements the 'maximum Blob' marker functionality.
Blob is a core element of the improved data expansion capability of Ethereum, based on the 'Proto-Danksharding' technology introduced in 2023, aimed at enhancing the efficiency of the Ethereum network. These technologies have garnered significant attention for their potential to greatly improve network processing speed and efficiency.
The discussion on the adjustment of the Gas limit is interpreted as a measure taken to address the recent growth in Layer 2 scalability solutions and Blob data demand. This aligns with the direction of effectively utilizing block capacity to reduce transaction fee burdens and enhance overall network processing capabilities.
Article Summary by TokenPost.ai
🔎 Market Interpretation
The increase in the Gas limit indicates a potential rise in the processing capacity of the Ethereum mainnet and the stabilization of transaction fees. This will synergize with Layer 2 expansion technologies, enhancing the usability of dApps and network efficiency.
💡 Key Strategy Points
Attention should be paid to the progress of the introduction of Blob-related technologies after the BPO hard fork. If the increase in the Gas limit is achieved, it is expected to be accompanied by a growth in Ethereum demand, driving trading activity in the DeFi and NFT sectors.
📘 Terminology Explanation
Gas Limit: The maximum computational capacity that a single Ethereum block can handle.
Blob: Extended data stored outside of the block, which is the core of the Proto-Danksharding structure.
BPO Hard Fork: One of the Ethereum upgrades expected to take place in 2025, aimed at optimizing performance and enhancing scalability.
TP AI Notes
This article has been summarized using the language model based on TokenPost.ai. The main content of the text may be omitted or may differ from the facts.
