- Galaxy Research questions Ethereum's gas limit increase, citing timing concerns and potential validator resistance.
- Developers back Ethereum's gas limit hike, but Galaxy Research urges caution on network impact and scalability timing.
- Cardano and Solana push competition with milestones, challenging Ethereum’s scalability amid gas limit debates.
Galaxy Research has analyzed Ethereum’s gas limit increase proposal in a detailed report. Ethereum co-founder Vitalik Buterin supports a 33% rise. Marek Moraczyński, a Nethermind developer, presented data supporting the proposal at a recent developer conference. He argued that increasing the gas limit is both safe and necessary.
Christine Kim from Galaxy Research reviewed the potential impacts. She stated that increasing the block gas limit will not harm Ethereum. Studies confirm the network can handle the changes without any overload.
However, Kim has added that the increase might not bring substantial benefits. She explained that scalability improvements could remain minimal despite the adjustment.
Concerns Among Major Validators
Kim addressed concerns from leading validators like Coinbase and Kraken. She suggested they might hesitate to support the proposal immediately. Speculations surrounding the gas limit increase could result in delays or operational challenges.
If the proposal is approved, developers plan to include it in the upcoming Pectra Upgrade. The adjustment may provide short-term scalability improvements for Ethereum. However, Galaxy Research emphasized that timing issues could postpone its implementation.
Competitors Push Blockchain Innovations
Meanwhile, other Layer 1 blockchains are advancing rapidly. Cardano recently achieved a test milestone of 1 million transactions per second. This performance could position it as the fastest blockchain when applied to real-world scenarios.
Solana, SUI Network, and XRP Ledger have also highlighted their unique advantages. These platforms continue to grow their user bases and expand technical capabilities.
Ethereum Scaling Efforts and Future Outlook
Ethereum remains a leader, relying on its layer-2 scaling solutions to sustain dominance. Vitalik Buterin has consistently shared his vision for long-term upgrades. He aims to enhance Ethereum’s scalability and overall efficiency.
Galaxy Research acknowledged Ethereum’s strong position but noted that continued innovation is essential. They emphasized the need for ongoing improvements to compete with emerging blockchains.
The gas limit proposal remains under review. Developers and validators will weigh its benefits against potential challenges. The decision will likely shape Ethereum’s near-term scalability strategy.
The post Galaxy Research Highlights Uncertainty Around Ethereum Gas Limit Change appeared first on Crypto News Land.