Important Step for Ethereum Transaction Fees:

Ethereum gas limit refers to the maximum amount of gas spent on executing transactions or smart contracts in each block. Gas is the fee required to perform a transaction or execute a smart contract on the network.

This step could result in a 15% to 33% reduction in Layer-1 transaction fees, he said in a published post.

“Increasing the gas block limit by 33% gives the Layer-1 Ethereum network the ability to process 33% more transaction load in a day.”

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