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10% of Ethereum validators signal gas limit increase

10% of Ethereum validators signal gas limit increase

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Source: Coin Telegraph

Ethereum core developer Eric Connor said increasing gas limits could result in a 15% to 33% reduction in transaction fees.

The percentage of Ethereum validators signaling support for raising the network’s gas limit rose to 10% as the community rallied to increase the maximum amount of gas allowed to be spent for transactions to be included in a single Ethereum block. 

On Dec. 19, the number of validators signaling a gas limit greater than 30 million increased to 10% of the network. Before December, the percentage of validators signaling an increase in gas limit was a little over 1%. 

Ethereum gas limit signaling tracker. Source: gaslimit.pics

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Author: Ezra Reguerra