Buterin Proposes Raising Ethereum Gas Limit by 33% to Increase Network Capacity and Potentially Reduce Fees
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Vitalik Buterin proposed raising Ethereum's gas limit by 33%, which would increase network capacity and could reduce fees.
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The gas limit refers to the total gas allowed in each block. Increasing it allows more/complex transactions per block.
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Buterin suggested raising the limit to 40 million gas units, up from 30 million currently. This wouldn't require a network upgrade.
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Calls for increasing the gas limit started in December due to high usage on Ethereum layer 2 networks.
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Reactions were mostly supportive, but some experts cautioned other parameters should be targeted too, not just the gas limit.