*Ethereum's Scalability Boost: New Proposal Aims to Increase Transaction Capacity*
Ethereum Foundation researcher Dankrad Feist has introduced a groundbreaking Ethereum Improvement Proposal (EIP-9698) that could significantly enhance the network's transaction capacity. The proposal suggests a gradual increase in the gas limit over two years, potentially allowing Ethereum to process up to 2,000 transactions per second (TPS).
*Key Highlights:*
- The proposed "deterministic gas limit growth schedule" would increase the gas limit by a factor of 10 over two years.
- Ethereum clients would need to vote on the proposal for it to be implemented.
- The goal is to introduce a predictable and sustainable gas limit trajectory aligned with hardware and protocol advancements.
*The Future of Ethereum Scalability:*
This proposal represents a significant step towards enhancing Ethereum's scalability at the base layer. With the potential to accommodate around 6,000 transactions in Ethereum blocks, Ethereum could become a more competitive platform. #Ethereum #Scalability #TransactionCapacity #GasLimit #Blockchain