Today we wrote that Vitalik Buterin, co-founder of Ethereum (ETH), would like to see an increase in the gas limit per block. However, according to Ethereum developers, it is not that simple. Increasing the gas limit would create a number of problems. The Ethereum Foundation has also announced other big plans.
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Ethereum news
Buterin is criticized
Buterin believes that increasing the gas limit by 33 percent would make the network faster and provide more capacity. That's true, but increasing the gas limit per block certainly has a downside, according to Ethereum developers. Are you still unfamiliar with the concept of gas limits in Ethereum? Then you can read it here at your leisure.
Marius van der Weijden, an Ethereum developer, says increasing the gas limit is difficult. Increasing the size of the blocks would increase the '.Blockchain state' enlarge. This blockchain state contains all information about balances and smart contracts on Ethereum.
The size of the Ethereum blockchain state is currently 267 gigabytes. According to van der Weijden, if the gas limit is increased by 33 percent, this blockchain state will increase rapidly. In principle, this is not a big problem because data storage is inexpensive. It becomes difficult when accessing the data.
“Accessing (blockchain data) and changing it is becoming increasingly slower. There are still no concrete solutions for increasing blockchain status.”
According to van der Weijden. Ethereum team leader Péter Szilágyi also doubts Buterin’s plans.
“Increasing (the gas limit) certainly has disadvantages. The state will grow faster, synchronization time will become slower, and the potential for DoS attacks will increase.”
Ethereum transaction costs are falling
Buterin proposed the adjustment to increase Ethereum's scalability. The scalability issue remains a problem for the Ethereum network. One way to increase the scalability of the network is through Layer 2 blockchains such as Arbitrum (ARB) and Optimism (OP).
The Ethereum Foundation has announced new plans regarding this Layer 2 blockchain. For example, the foundation wants to reduce the gas fees, also known as transaction costs, of Layer 2 blockchains. An exact date for the change has not yet been announced, but it is expected to take place in late February.
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