Over 50% of Ethereum validators have expressed support for raising the gas limit, which would allow for more gas to be used for transactions within a single block. As of February 4, 52% of validators were in favor of increasing the limit from its current average of around 30 million. This adjustment could enhance the network's transaction capacity without requiring a hard fork. Crypto commentator Evan Van Ness noted that this would be the first increase following Ethereum's transition to a proof-of-stake (PoS) model after the Merge upgrade in 2022. Vitalik Buterin mentioned the upcoming Pectra fork, slated for March, which aims to further increase network capabilities. While some advocates argue for an increase to 36 to 40 million to reduce transaction fees and stimulate innovation, others raise concerns about potential risks to the blockchain's stability and security. Experts stress the need for a cautious approach to avoid overwhelming solo node operators, as significant jumps in gas limits could lead to network complications.

Source 🔗