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Ethereum achieved a significant milestone by reaching the consensus required to raise the network’s gas limit, a move aimed at enhancing the blockchain’s scalability. The gas limit, which determines the transaction capacity of the network, was previously set at 30 million but has now surpassed 31 million.
The increase was made possible after more than half of the validators signaled their support for the change. This consensus allowed the gas limit to automatically adjust without the need for a hard fork, a process that can be more complex and riskier for the network.
This adjustment marks the first of its kind since Ethereum transitioned to a proof-of-stake consensus mechanism. The previous change to the gas limit occurred in 2021, when it doubled from 15 million to 30 million gas units, indicating a continued effort to improve the network’s capabilities.
Gas serves as the unit of measure for the computational work required to conduct transactions or deploy smart contracts on Ethereum. With the gas limit defining the total gas that can be expended in a single block, this increase is expected to allow for more transactions and smart contracts to be processed.
According to The Block, data from the past 24 hours shows the average gas limit at 31.5 million units, with projections suggesting it could reach a maximum capacity of 36 million gas units. The adjustment comes as part of Ethereum’s ongoing efforts to scale the network, following other recent developments such as the Dencun upgrade and proto-dank sharding.
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