Vitalik Buterin’s Ambitious Gas Limit Plans: Will Ethereum Soar or Stumble? 🚀

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In addition, Mr. Buterin pointed out that Succinct’s proving mechanism still lacks formal verification, a rather essential component to assure users of its seamlessness and relative freedom from bugs. Not to mention, the real-time proving system currently requires around 100 kilowatts of power to produce proofs at the demonstrated speed. Quite the energy guzzler, I must say! ⚡

He argued that to facilitate broader participation, the energy cost for generating proofs should ideally be reduced to a mere 10 kW. This would render the energy rate more amenable to home use, allowing small teams or individuals to run their own real-time proofs. A noble pursuit, indeed!

What is Ethereum’s current gas limit?

Reflecting upon the past year, one notes that on May 21, 2024, the ecosystem’s gas limit has increased by nearly 20%. A commendable rise of nearly 6 million from the 30 million mark of the previous year.

Should Ethereum succeed in its ambitious endeavor to raise its gas limit by ten to one hundred times, one might envision a gas limit soaring to heights of 360 million to 3600 million. Such figures represent the maximum gas units required to process a transaction or smart contract upon the network. A cap, indeed, to prevent transactions from consuming excessive resources, which could lead to exorbitant fees or congestion on the network. How very considerate! 😅

Even if real-time proving mechanisms become available on-chain, each one necessitates a considerable amount of gas. Thus, to render it viable at scale, a higher gas limit than the current block gas limit would be essential. A conundrum for the ages!

Last February, the Ethereum network raised its gas limit for the first time since 2021, reaching 32 million gas units and surpassing the 30 million threshold for the first time in nearly five years. At that time, a commendable 51.1% of validators approved the gas limit adjustment without the need for a hard fork. A most civilized approach, I daresay!

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2025-05-21 11:08