In a move that has the crypto world buzzing, Ethereum has raised its gas limit beyond 30 million, a clear sign that the network is serious about improving its scalability and transaction efficiency. 🚀
According to the data, the average gas limit over the past 24 hours has been around 31.5 million units, and experts are predicting that the capacity could eventually reach up to 36 million gas units. 🤑
Ethereum’s Scalability Upgrades: A Game-Changer? 🤔
The gas limit increase follows major protocol upgrades, including the Dencun upgrade and the ongoing proto-dank sharding initiative, which have already enhanced Ethereum’s throughput and reduced congestion. 🤖
However, the network’s scalability challenges are far from over, as it still lags behind the lightning-fast Solana blockchain, which can process transactions in 400 to 800 milliseconds – up to 30 times faster than Ethereum. 😅
But fear not, Ethereum enthusiasts! The platform is determined to enhance its scalability and better compete with high-performance blockchains, all while supporting a diverse range of applications, from DeFi to NFTs. 🚀🌐
So, buckle up, crypto fans, because Ethereum is about to take the scalability game to a whole new level. 🤯💥
Read More
- Who Is Returning on Days of Our Lives This Week?
- When Is the Nintendo Switch 2 Announcement Date? Reports Explained
- ‘As long as audience believes they’re husband and wife’: Pragya Jaiswal on working with Nandamuri Balakrishna despite double age gap
- Black Panther 3 Producer Gives Clarity on Denzel Washington’s Marvel Role
- Who Is Kendrick Lamar’s Fiancee? Whitney Alford’s Kids & Relationship History
- Solana Leaves Competition In The Dust: Blazing Speed To Fuel Price Surge?
- Telegram Rolls Out ‘Stars’ for In-App Purchases
- Dead Man’s Wire Cast Adds Colman Domingo to Gus Van Sant’s Hostage Thriller
- Bhairathi Ranagal OTT release: When and where to watch Shiva Rajkumar starrer as it marks world digital premiere
- Neil Gaiman Denies Sexual Assault Allegations in New Statement
2025-02-04 16:46