(DumbMoney)

Explore the latest updates and key analyses on companies, markets, and industry trends.



Ethereum's Gas Costs Facing Targeted Adjustments According to Vitalik Buterin

Ethereum (ETH) | 2023-11-15

By Zane Campbell

Ethereum has recently doubled its network capacity by increasing the block gas limit to 60 million, a significant milestone in scaling and network throughput.

The coordinated support from client teams and the research community indicates Ethereum's readiness for more complex applications and transactions.

Vitalik Buterin anticipates more targeted and less uniform gas limit increases in 2026 to enhance computational efficiency without compromising network decentralization.

Increase in Gas Limit

Ethereum has transitioned from a 30 million to a 60 million gas limit per block, enabling more transactions, contract calls, and on-chain operations.

Targeted Gas Limit Adjustments

Vitalik Buterin suggests specific opcodes and operations for gas limit adjustments to scale computationally heavy operations efficiently.

  • The gas limit expansion reflects Ethereum's incremental scaling strategy with a focus on preserving decentralization and efficiency.
  • Developments like proto-danksharding and full danksharding contribute to Ethereum's adaptability and preparation for the next generation of applications.

Ethereum's measured approach to gas limit adjustments and scalability, supported by industry experts like Vitalik Buterin, demonstrates a commitment to sustainable growth and enhanced network performance. The targeted increases in gas limits pave the way for a more efficient and robust Ethereum ecosystem.