Ethereum core developer Eric Connor stated that increasing the gas limits could lead to a reduction in transaction fees by 15% to 33%.
The percentage of Ethereum validators signaling support for raising the network’s gas limit rose to 10% on December 19.
This increase was driven by community support for raising the maximum amount of gas that can be spent on transactions included in a single Ethereum block.
Before December, the percentage of validators signaling support for raising the gas limit was just over 1%.
Ethereum Gas Limit Signaling Tracker
This increase followed the efforts of Ethereum community members to raise the gas limit to 36 million.
Increasing The Gas Limits Could Lead To a Reduction in Transaction Fees
On March 20, Ethereum core developer Eric Connor and the former head of smart contracts at MakerDAO, Mariano Conti, launched a website called “Pump The Gas” to promote raising the gas limit to 40 million.
The website aims to gather community support for increasing the gas limit to 40 million and argues that such a change could reduce Layer-1 transaction fees by 15% to 33%. Connor called on solo stakers, client teams, pools, and community members to support this initiative.
In December, the efforts intensified, with Ethereum researchers joining in.
On December 9, Ethereum researcher Justin Drake stated that he had configured his validator for a 36 million gas limit, explaining that a 20% increase would “safely speed up transactions.”
Meanwhile, Emmanuel Awosika, creative director at 2077 Collective, emphasized the benefits for developers and pointed out that the current gas limit could hinder the deployment of high-demand applications.
Awosika stated that raising the gas limits is a way for the network to show it’s offering ambitious developers a space to work with.
He further noted that certain applications cannot be deployed with the current gas limit because gas prices will spike as applications go viral, leading to “a very poor user experience.”
The Risk of Raising Gas Limits Too Much
As community members push to raise the gas limits on Ethereum, there are also warnings emphasizing the need for caution when making such adjustments.
Toni Wahrstätter from the Ethereum Foundation stated that raising the gas limits too much could pose serious risks to the network’s stability and security.
The “Pump The Gas” website also acknowledged these risks, emphasizing that Ethereum’s core goal is to remain decentralized:
“If the gas limit is raised too high, we could create a scenario where the chain becomes too large for solo node operators to validate and download. Technology is improving, but it makes sense to gradually increase it over time.”
It also highlighted that raising the gas limits too quickly could lead to “unexpected externalities” beyond storage and bandwidth.
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