More than half of Ethereum’s
$2,833.98
validators have shown support for increasing the network’s gas limit, which would allow more transactions to be processed in each block.
This change would help the network handle more activity without requiring a major upgrade.
On February 4, data from Gaslimit.pics shows that 51.2% of validators have signaled to raise the limit. Since only a simple majority is needed, this support suggests that change is likely to happen.
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Data from Blockscout, a blockchain explorer, shows a transaction recorded at 3:00 AM UTC indicated a gas limit of over 33 million. Ethereum’s average gas limit has remained around 30 million since August 2021.
Evan Van Ness, a former operations director at Consensys, noted in a post on X that this is the first gas limit increase since Ethereum transitioned to proof-of-stake in September 2022. He explained that because proof-of-stake (PoS) is more decentralized than proof-of-work (PoW), it took longer to coordinate the decision.
Ethereum co-founder Vitalik Buterin posted on X, linking the gas limit increase to the upcoming Pectra upgrade, expected in March. This update will raise the blob target from three to six, which will help improve network efficiency.
Buterin pointed out that Pectra will use the same voting mechanism as the gas limit adjustment, allowing the network to scale without requiring hard forks.
Meanwhile, Ethereum leaders and developers have recently backed the adoption of ‘based’ and ‘native’ rollups. What are these rollups? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
