This article covers blockchain, business, and technology news. Here’s the summary:
The Ethereum community has taken action to increase the network’s gas limit. In December, the percentage of validators signaling a gas limit of over 30 million rose to 10%. This was up from just over 1% prior to December. The community is aiming to increase the gas limit to 36 million.
The website Pump The Gas argues that increasing the gas limit to 40 million could reduce transaction fees by 15% to 33%. However, Toni Wahrstätter of the Ethereum Foundation warned that increasing the gas limit too much could pose security and stability risks.
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