Derived from CoinTelegraph, Ethereum core developer Eric Connor has noted that increasing gas limits could reduce transaction fees by 15% to 33%. As of December 19, 10% of Ethereum validators are signaling support for raising the network's gas limit, a significant increase from just over 1% before December. This movement is part of a broader community effort to increase the gas limit to 36 million, with a website called 'Pump The Gas' launched by Connor and Mariano Conti to advocate for a 40 million gas limit. The initiative aims to lower layer-1 transaction fees and improve the deployment of high-demand applications. However, Ethereum Foundation's Toni Wahrstätter has cautioned against potential risks to stability and security. The 'Pump The Gas' site also acknowledges these risks, emphasizing the importance of maintaining decentralization.
10% of Ethereum Validators Support Gas Limit Increase as of December 19
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