BasEx | Vitalik Buterin Proposes Ethereum Gas Limit Increase
Vitalik Buterin Proposes to Increase Ethereum's Gas Limit
13.01.2023
Vitalik Buterin Proposes to Increase Ethereum's Gas Limit

During a recent AMA session on Reddit, Ethereum co-founder Vitalik Buterin suggested increasing the network's gas limit to 40 million (+33%) to enhance throughput. The gas limit restricts the maximum computational power used to process transactions and execute smart contracts in each block. Currently, this limit is set at 30 million.

Buterin mentioned that the limit has not changed for almost three years, marking the longest period in the protocol's history. He noted that the limit was doubled at the end of 2021, which was "artificial" since it reflects the transition to EIP-1559, doubling the "cap" but the actual average only increased by 9%.

Martin Koppelman, co-founder of Gnosis, expressed concerns that increasing the gas limit could lead to higher operational costs for validators but also acknowledged that the benefits of the initiative might outweigh the potential drawbacks.

Unlike other innovations in Ethereum, which required hard forks, the proposed change can be implemented by adjusting validators' configurations.

Buterin also expressed willingness to consider a proposal to remove the 32 ETH limitation for validators (EIP-7251) but emphasized the need for "strict guarantees [of validators' integrity]".

In response to a question about a second EVM, Buterin did not rule out the possibility of its complete replacement with smart contracts if the development of ZK-SNARKs is successful, which could significantly reduce Ethereum's total lines of code.

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