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Vitalik Buterin Suggests Ethereum Gas Limit Increase – What’s The Impact?
On Wednesday, Ethereum Co-founder Vitalik Buterin proposed increasing the Ethereum network’s gas limit by 33%. This adjustment could enhance the network’s transaction capacity and potentially lower fees for end-users. However, it might also lead to higher operational costs for validators. Buterin has drawn attention to a new Ethereum Improvement Proposal (EIP) called 7706. This proposal focuses on redesigning the gas model specifically for transaction call data within the Ethereum network. Ethereum blockchain users pay gas fees to ensure that their transactions are included in the network. The amount of gas that ... (full story)
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- Posted: May 15, 2024 10:57pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 314
