🔥MAJOR UPDATE FROM ETHEREUM

Ethereum is preparing for a significant leap with a proposal to increase the gas limit to 150 million, a notable move from the current limit, aimed at improving transaction processing capacity and reducing congestion on the network.

Context: This proposal comes after the gas limit was raised to nearly 32 million units, marking the first increase since the Merge upgrade in 2022.

Fusaka Hard Fork: This gas limit increase is expected to be part of the Fusaka hard fork, anticipated to launch in late 2025 following the Pectra upgrade in May 2025.

Developer Discussion: At the ACDE meeting, Ethereum's core developers emphasized the need to prioritize this gas limit increase in the Fusaka hard fork.

Potential Impact: This upgrade aims to enhance the network's ability to handle more transactions, reduce congestion, and stabilize transaction fees, while also supporting complex smart contracts and high-demand decentralized applications (dApps).

This proposal reflects the ongoing efforts of Ethereum developers to improve scalability and network efficiency.

Stay tuned for positive changes from Ethereum!