Ethereum: Increasing Gas Limits A Threat To Stability, Security

Ethereum: High Gas Limit Brings Unexpected Externalities

Ethereum: Increased Gas Limits To Reduce Transaction Fees

Ethereum’s core developer Eric Connor has said that increasing gas limits can reduce transaction fees by 15-33%.

A recent surge in Ethereum validators supporting gas limit increase has reached 10%. This is because the community wants maximum gas to be spent to be included in a singular Ethereum block. They want the limit to reach 36 million.

Pump The Gas: Website Launch

Eric Connor had also launched a website, “Pump The Gas,” to bring the gas limit to 40 million. The website launch on March 20 aimed at convincing the community to raise the Ethereum gas limit. 

As per the website, the change would lower transaction fees. Connor’s act was in reference to solostakers, client teams, pools and community members whom he looks forward to taking the initiative. 

This December, the efforts intensified further. Ethereum researcher Justin Drake has referred to the 36 million limit as good enough for “safely greasing the wheels.”

Risks Of Increasing Gas Limits Too Much

There, however, are risks associated. There could be risk to stability and security. The above-mentioned website also acknowledged the risk, saying that Ethereum’s core goal is decentralization.

Too high gas limits can make the chain too large for solo node operators to validate and download. Slow and gradual increase may be a way out, as it does improve the technology. However, being too quick can lead to unexpected externalities.