Ethereum adjusts the gas limit for the first time since 2021

The ethereum Network has recently increased its gas limit to more than 30 million with more than 50% of the validators that indicate the change.

According data Gaslimit.PICs, the average gas limit on the ethereum network (eth) has almost reached 32 million gas units in the last 24 hours, exceeding the last 30 million gas limits. x Operators expect it to rise even more to a maximum capacity of 36 million gas units.

This marks the first time that the eth network has promulgated such a change since the implementation of its stake testing consensus mechanism. At the time of writing, approximately 51.1% of the validators approved the setting of the gas limit without a hard fork.

The last time ethereum made adjustments at its gas limit price was in 2021 when the network doubled its gas limit from 15 million to 30 million gas units.

What does a higher gas limit mean for ethereum?

Within the ethereum ecosystem, gas are the terms used to measure the amount of computational effort required to process intelligent transactions or contracts. Each block has a gas limit, which dictates the maximum amount of gas that all transactions can consume within a block.

This means that by raising the gas limit, the network can process more block transactions, potentially improving network productivity as congestion and helps blocks to process transactions faster. Not only that, the increase in capacity can also lead to lower transaction rates, benefiting cryptographic merchants who often use the eth network to transfer assets.

On the other hand, a higher gas limit could also lead to larger block sizes, which could increase the computational load in the nodes. Although this does not directly affect operators, it could result in more advanced hardware requirements for validators, which can affect decentralization and network safety.