ETH developers voice concern over gas limit hike proposed by Vitalik Buterin
Ethereum developers are expressing concerns over Vitalik Buterin’s latest proposal to raise the gas limit by 33%, citing worries about the growing size of the blockchain state.
The second largest blockchain Ethereum is currently at a crossroads over a proposal by its co-founder Vitalik Buterin to increase its gas limit .
On Jan. 11, Buterin recommended a 33% increase in the gas limit, a change aimed at enhancing the network’s throughput. The proposal suggests raising the limit from the current 30 million to 40 million, potentially allowing more transactions per block and increasing the network’s capacity.
The concept of the gas limit has evolved since Ethereum’s inception in 2015. Initially set at around 3 million, the limit has gradually increased in response to the network’s growing usage and adoption.
The Ethereum blockchain state, which stores account balances and smart contract data, currently requires approximately 267 gigabytes (GB) of space. The entire history of the blockchain is even larger, around 900GB, according to Blockchair.