Ethereum developers have launched the Pump The Gas website and proposed to increase the gas limit
Representatives of the Ethereum Co-team announced the launch of the Pump The Gas website. The resource is intended to help promote the initiative to increase the gas limit on the network.
Ethereum developers, represented by programmer Eric Conner and former head of MakerDAO's smart contracts division Mariano Conti, presented the Pump The Gas website. It was created in order to promote the initiative to increase the gas limit in the network.
According to the information published on the resource, it is intended to tell the Ethereum community about the need for changes in the blockchain. The developers propose to increase the gas limit from 30 to 40 million. They also stated the need to implement the EIP-7623 standard to limit the maximum block size.
According to programmers, increasing the gas limit by 33% will allow L1 solutions on the Ethereum network to increase the volume of transactions processed by a third. This will potentially lead to a reduction in the commission from 15% to 33%, according to the developers.
Today, @nanexcool and I are launching an effort to help raise the Ethereum gas limit from 30mn to 40mn
— eric.eth (@econoar) March 19, 2024
This can result in a 15-33% reduction in L1 tx fees
We are calling on solo stakers, client teams, pools and community members to help#pumpthegas https://t.co/TYoyI35cle
It is worth noting that the discussed limit is the gas threshold that can be spent on transfers carried out within one block. This technology limits the maximum block size, which affects the performance of Ethereum and network synchronization.
The creators of the site claim that they discussed the issue of increasing gas with representatives of the community, as well as various organizations and companies. Most of them support the presented initiative, the programmers stressed.
It is worth noting that on March 20, 2024, the Ethereum validator, the RocketPool liquid staking protocol, made a similar proposal. The project team announced the possibility of raising the gas limit to 40 million.
