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    1. coinfeeds-bot on

      tldr; Ethereum’s mainnet block gas limit has been raised to 60 million, the highest in four years, increasing the network’s capacity for transactions and smart contract operations. This change, supported by over 513,000 validators, aims to reduce congestion and transaction fees while preparing for the upcoming Fusaka upgrade, which focuses on scalability. Ethereum developers and community members have coordinated efforts to expand the network’s execution capacity, with further targeted growth and refined scaling strategies anticipated in the future.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. Excellent.

      I think this is a decent stopping point until they get thin clients and figure out a way to lower the strain on validator SSDs. There isn’t super high demand for L1 throughput as end users are supposed to be using L2s as the main application layer.

      Validator hardware is still in the range of consumer-end products, but it’ll start getting tough if they’re trying to reach 150M gas/block. Personally, I’d rather that Ethereum L1 reach lower block times and faster finality rather than higher throughput. That will also help with L2 interoperability goals and trust minimization, which require L1 lower block times and fast finality.

    3. Surprising that so many validators voted for the higher block gas limit so short before the upgrade… NOT.

      It is one week to Fusaka, all validators are required to upgrade to the latest version of their clients and one of the Fusaka features is that clients set 60M gas limit by default… (so it’s a little less democratic than the above article suggests…)

    4. epic_trader on

      For anyone wondering exactly what that means.

      Before this, Ethereum blocks had a capacity of 45,000,000 gas. With a regular ETH transfer using 21,000 gas, this means you now can fit about 2857 ETH transfers into a single block, up from 2142. With a new block being released every 12 seconds, this translates into a maximum throughput of 238 transactions per second on L1 Ethereum.

    5. lordchickenburger on

      Now can they raise the price so I can retire and forget about fancy upgrade names I don’t care about

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