Last February, the gas limit was increased by 20 % to Ethereum. The aim is to allow blocks to contain multiple transactions, which actually increases scalability. Recurrent debate about Ethereum for several years. This has just been triggered by a developer who wants Ethereum to reach 2,000 transactions per second up to 4 years.
- The developer proposed an exponential increase in the gas limit to Ethereum to increase the scalability of the network.
- This proposal could allow Ethereum to achieve 2,000 transactions per second within 4 years, changing the competitive blockchain environment.
EIP-9698: Towards the exponential growth of the gas limit
The gas limit is a parameter that determines the amount of gas that can be consumed by transactions and interactions in the block To Ethereum. The more it is, the more it is possible to put transactions into the block.
Therefore is internally associated with the power of Ethereum in terms of transaction per second.
Although he has seen several increases in the history of Ethereum, developer DanCrad Feist has just submitted a proposal for evolution aimed at drastic accelerating the degree.
In the EIP-9698, it offers a Deterministic and exponential increase in gas limit.
“This proposal introduces the deterministic growth calendar of the gas limit through the default values on the customer. »
In practice, the limit would automatically increase each chain of Epoch de la Beacon. The proposed calendar determines an increase in 4 years and DanCrad estimates that it would create and Multiplication 10 gas limit every 2 years For this period.
Ethereum on the path of scalability
At present, Ethereum is able to treat approximately twenty transactions per second. The gas limit is one of the metrics that would increase these capacities.
In fact, the proposal would file Pay the gas limit from 36 million to 3.6 billion units in the next 4 years. In this case, the EIP-9698 would allow a network to achieve capacity 2,000 transactions per second within 4 years.
A situation that would allow the network more competitive with other L1 ecosystem. This would also reduce layer-2 addiction and bring back more activity on L1.
Anyway, DanCrad Feist is not the first to deal with a drastic increase in the gas limit. Vitalik Buterin recently planned to multiply 10 in the coming months. However, this would depend on other improvements in the protocol to avoid material needs to have too much to operate and spread transactions in the network.
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