Developer Eric Conner and former head of smart contracts at MakerDAO Mariano Conti proposed raising the gas limit in Ethereum from 30 million to 40 million. They launched a website Pump The Gas to promote the initiative.
Today, @nanexcool and I are launching an effort to help raise the Ethereum gas limit from 30mn to 40mn
This can result in a 15-33% reduction in L1 tx fees
We are calling on solo stakeholders, client teams, pools and community members to help#pumpthegas https://t.co/TYoyI35cle
— eric.eth (@econoar) March 19, 2024
It is estimated that the potential reduction in mainnet fees will be 15–33%.
Conner and Conti encouraged solo stakers, client development teams, pools, and community members to join in implementing the proposal and offered specific recommendations.
The authors of the initiative explained that EIP-4844 in Dencun significantly reduced fees in second-tier solutions, but did not affect the mainnet.
Conti drew attention to a similar proposal from the team of the liquid staking platform Rocket Pool.
A @Rocket_Pool validator proposed a block with 40m gas limit#pumpthegas pic.twitter.com/Mvb4qUrhMZ
— mariano.eth | 🦇🔊 (@nanexcool) March 20, 2024
Venture capitalist and Ethereum supporter Evan Van Ness did not support the developers, but urged critics to “not get personal.”
Aave Chan Initiative founder Mark Zeller expressed some skepticism about the effectiveness of Pump The Gas, although he supported the proposal.
The gas limit represents the maximum computing power that can be expended to process transactions or execute smart contracts in a single block. Currently, its permissible volume is at the level of 30 million.
In January, Ethereum co-founder Vitalik Buterin allowed the network gas limit to be increased to 40 million (+33%) to increase throughput. He was supported by the lead developer of the Base L2 protocol, Jess Pollack.
Source: Cryptocurrency
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