Ethereum Network Throughput Poised for January Boost with Gas Limit Increase

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Ethereum’s transaction capacity is expected to see a significant enhancement next month, as core developers target an increase to the network’s gas limit. The proposal aims to raise the limit from the current 60 million to 80 million units of gas in January.

The plan was discussed during a recent All Core Developers meeting. According to a summary shared by Galaxy Digital’s Vice President of Research, Christine Kim, representatives from Nethermind indicated developers should be prepared to proceed with the increase following the upcoming BPO hard fork scheduled for January 7th.

A note of caution was introduced by Ethereum Foundation developer Barnabas Busa. He emphasized that two key client-level optimizations are required prior to another gas limit increase. These prerequisites involve implementing partial blob responses on the execution layer and activating the max blobs flag on the consensus layer.

Raising the gas limit directly allows more transactions and smart contract computations to be included in each new block on the Ethereum network. This action boosts the overall throughput of the system and has the potential to reduce average transaction fees for users.