#ETFvsBTC The Ethereum gas limit: A revolutionary change for network efficiency 🚀
Vitalik Buterin has proposed EIP-7983, introducing a gas limit of 16.77 million per transaction to address Ethereum's notorious congestion issues. This clever update aims to:
1. Prevent network paralysis from massive single transactions
2. Make gas fees more predictable and stable
3. Encourage developers to adopt modular design practices
What’s the good news? More than 90% of users won’t notice any difference as most transactions are well below this limit. Observing the recent price movements of ETH (ranging between $2,565-$2,580), the market seems cautiously optimistic about these technical improvements.
This update aligns perfectly with Ethereum's broader vision of streamlining core protocols while preparing for the integration of zkVM and L2 scaling solutions. For traders