Ethereum raises gas limit for the first time since transitioning to proof of stake mechanism

According to The Block, Ethereum has reached a consensus to increase the network's gas limit, with 50% of validators supporting this change to help improve the network's scalability. Gas limitation is a key parameter that determines the ability of network transactions. Previously, the gas limit was 30 million, but now it has exceeded 31 million. The adjustment of gas restrictions requires approval from more than half of the verifiers to take effect, and this adjustment was completed yesterday. Once more than 50% of validators express support, the block gas limit will be automatically adjusted without the need for a hard fork. This is the first time Ethereum has implemented such changes under the Proof of Stake (PoS) consensus mechanism. The last adjustment occurred in 2021, when the gas limit doubled from 15 million units to 30 million units. According to gaslimit.Pics, the average gas limit over the past 24 hours was 31.5 million units, and it is expected to be adjusted to a maximum of 36 million units. Although Dencun upgrades and proto dank sharding technology have recently improved scalability, increasing gas limitations is still necessary as the demand and complexity of decentralized applications on Ethereum increase.