Express

Ethereum Miners Voted to Increase Block Gas Limit; Community Views Split

Yiran Dai

Summary: Austria-based blockchain company BitFly tweeted that Ethereum miners voted to increase the Block Gas Limit from 10 million to 12.5 million, which means the network can now process at most 44 transactions per second, an increase of 9 more transactions each second.

Austria-based blockchain company BitFly tweeted that Ethereum miners voted to increase the Block Gas Limit from 10 million to 12.5 million, which means the network can now process at most 44 transactions per second, an increase of 9 more transactions each second.

Cointelegraph reported that the Ethereum community has divergent views towards the increase. As Anton Bukov, CTO of 1inch, said, “operations that cost little gas but require a lot of resources may be used to attack node.”

Gas is a unit of computational effort consumed for transactions and other activities on the Ethereum blockchain.

By Yiran Dai

Last Update:

Tags: ,
Link: Ethereum Miners Voted to Increase Block Gas Limit; Community Views Split   [Copy]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago
  • You need to login to comment.