• About
  • FAQ
  • Earn Bitcoin while Surfing the net
  • Buy & Sell Crypto on Paxful
Newsletter
Approx Foundation
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Approx Foundation
No Result
View All Result
Home Business

Vitalik Buterin’s New Proposal Draws Criticism From Ethereum Devs, Here’s What It Is

approx by approx
January 12, 2024
in Business
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Ethereum founder, Vitalik Buterin recently unveiled a new plan to raise ETH’s gas limit. The proposal which aims to introduce substantial solutions to challenges within the ecosystem has been met with criticism from ETH developers.

Ethereum Developers Oppose Gas Limit Increase

Buterin stirred controversy on January 11, by advocating for a 33% increase in Ethereum’s gas limit. Subsequently, the proposal set off heated debates within the ETH community as many developers expressed opposing views to the potential change.

Ethereum’s core developer and team lead, Peter Szilagyi recently shared his views on the proposed gas limit increase via X (formerly Twitter). 

Posing the question, “What problem does increasing the gas limit solve?” Slilagyi highlighted the major drawbacks associated with raising Ethereum’s gas limit. The ETH developer stated that increasing gas limits would enlarge the state size, and escalate risks of the Denial-of-Service (DoS) attacks. 

Similarly, Ethereum developer, Marius Van der Wijden has expressed his concerns in a blog post explaining “why increasing the gas limit is difficult.”

In 2021, Wijden published an article on LinkedIn, describing the dangers of raising Ethereum’s gas limits. His recent blog post also highlights similar concerns and outlines the risks and worst-case scenarios associated with the change. 

According to the Ethereum developer’s report, elevating ETH’s gas limit could increase missed block rates. Additionally, it could lead to an inflated state size, potentially resulting in slow accessibility and modification of data. 

He revealed that the current space size required by Ethereum is roughly 267GB and an increase in gas limits would lead to a substantial expansion in state size. This poses a challenge as there are no definite methods to mitigate the growing state. 

Wijden pointed out additional risks including prolonged synchronization times and difficulties in building and optimizing a new Execution Layer (EL) client. Regarding worse-case scenarios, the developer discussed adverse effects on ETH’s proof size and instabilities in running clients. 

Ethereum price chart from Tradingview.com

ETH price at $2,600 | Source: ETHUSD on Tradingview.com

ETH Developer Proposes Alternative Solution 

In his blog post, Wijdgen disclosed several alternative solutions to address the challenge of increasing ETH’s gas limits. The Ethereum developer suggested the adoption of regenesis as a short-term solution to manage history growth. 

He also proposed delaying a gas limit increase until the fall out of the EIP-4844, an Ethereum upgrade currently undergoing testing to enhance the storage capacity. Regarding an inflated state size, Wijden revealed that there were no concrete solutions presently available to address the problem.

Concluding his report, the developer advised community members to exercise caution when considering an increase in Ethereum’s gas limits. Additionally, he stressed the importance of understanding the long-term and short-term effects associated with the changes in ETH gas limits. 

Featured image from The Daily Hodl, chart from Tradingview.com



Source link

Related articles

Bitcoin price metric hits ‘optimal DCA’ zone not seen since BTC traded in $50K to $70K range

Early Bitcoin Buyers Unlikely To Be Rich Today, Says Trader

August 8, 2025
Memecoin Group Linked To Sex Toys Thrown At WNBA Games

Memecoin Group Linked To Sex Toys Thrown At WNBA Games

August 8, 2025
Share76Tweet47

Related Posts

Bitcoin price metric hits ‘optimal DCA’ zone not seen since BTC traded in $50K to $70K range

Early Bitcoin Buyers Unlikely To Be Rich Today, Says Trader

by approx
August 8, 2025
0

The odds of an early Bitcoin investor buying the cryptocurrency when it was worth only a few cents and keeping...

Memecoin Group Linked To Sex Toys Thrown At WNBA Games

Memecoin Group Linked To Sex Toys Thrown At WNBA Games

by approx
August 8, 2025
0

Two men have reportedly been arrested for allegedly throwing sex toys during Women’s National Basketball Association (WNBA) games, a controversial...

CleanSpark Posts Record Revenue In Best Quarter Ever

CleanSpark Posts Record Revenue In Best Quarter Ever

by approx
August 8, 2025
0

Bitcoin miner CleanSpark has reported its best-ever quarterly results, with its highest-ever revenue and profitability beating analyst expectations.CleanSpark said on...

Ether Surge Signals Major ‘200-500%’ Altcoin Rally: Trader

Ether Surge Signals Major ‘200-500%’ Altcoin Rally: Trader

by approx
August 8, 2025
0

Ether has continued to hold strength, signalling that altcoins may be gearing up for an explosive rally of up to...

Core Scientific’s Biggest Shareholder Says No to CoreWeave Takeover Bid

Core Scientific’s Biggest Shareholder Says No to CoreWeave Takeover Bid

by approx
August 8, 2025
0

Two Seas Capital, the largest active shareholder of Bitcoin mining company Core Scientific, announced its intention to vote against the...

Load More

youssufi.com

sephina.com

[vc_row full_width="stretch_row" parallax="content-moving" vc_row_background="" background_repeat="no-repeat" background_position="center center" footer_scheme="dark" css=".vc_custom_1517813231908{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #191818 !important;background-position: center;background-repeat: no-repeat !important;background-size: cover !important;}" footer_widget_title_color="#fcbf46" footer_button_bg="#fcb11e"][vc_column width="1/4"]

We bring you the latest in Crypto News

[/vc_column][vc_column width="1/4"][vc_wp_categories]
[/vc_column][vc_column width="1/4"][vc_wp_tagcloud taxonomy="post_tag"][/vc_column][vc_column width="1/4"]

Newsletter

[vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row]
No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2024 APPROX FOUNDATION - The Crypto Currency News