Vitalik Buterin proposes increasing the gas limit on Ethereum 🚀
Ethereum co-founder Vitalik Buterin has proposed increasing the gas limit on Ethereum's layer-1 (L1) network to improve censorship resistance, layer-2 (L2) interoperability, and security during catastrophic events 🌪️.
Analysis of the event
Advantages of increasing the gas limit: It could improve censorship resistance, layer-2 interoperability, and security during catastrophic events.
Potential risks: Buterin warns of potential centralization risks associated with high L1 usage if the benefits are not clearly stated 🚨.
Technologies supporting the increase: Recent and future technological improvements, such as increased efficiency of Ethereum clients and the development of future stateless clients, could make increases safe 💻.
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