Vitalik Buterin’s New Proposal Draws Criticism From Ethereum Devs, Here’s What It Is

Share This Post

Ethereum founder, Vitalik Buterin recently unveiled a new plan to raise ETH’s gas limit. The proposal which aims to introduce substantial solutions to challenges within the ecosystem has been met with criticism from ETH developers.

Ethereum Developers Oppose Gas Limit Increase

Buterin stirred controversy on January 11, by advocating for a 33% increase in Ethereum’s gas limit. Subsequently, the proposal set off heated debates within the ETH community as many developers expressed opposing views to the potential change.

Ethereum’s core developer and team lead, Peter Szilagyi recently shared his views on the proposed gas limit increase via X (formerly Twitter). 

Posing the question, “What problem does increasing the gas limit solve?” Slilagyi highlighted the major drawbacks associated with raising Ethereum’s gas limit. The ETH developer stated that increasing gas limits would enlarge the state size, and escalate risks of the Denial-of-Service (DoS) attacks. 

Similarly, Ethereum developer, Marius Van der Wijden has expressed his concerns in a blog post explaining “why increasing the gas limit is difficult.”

In 2021, Wijden published an article on LinkedIn, describing the dangers of raising Ethereum’s gas limits. His recent blog post also highlights similar concerns and outlines the risks and worst-case scenarios associated with the change. 

According to the Ethereum developer’s report, elevating ETH’s gas limit could increase missed block rates. Additionally, it could lead to an inflated state size, potentially resulting in slow accessibility and modification of data. 

He revealed that the current space size required by Ethereum is roughly 267GB and an increase in gas limits would lead to a substantial expansion in state size. This poses a challenge as there are no definite methods to mitigate the growing state. 

Wijden pointed out additional risks including prolonged synchronization times and difficulties in building and optimizing a new Execution Layer (EL) client. Regarding worse-case scenarios, the developer discussed adverse effects on ETH’s proof size and instabilities in running clients

Ethereum price chart from Tradingview.com

ETH Developer Proposes Alternative Solution 

In his blog post, Wijdgen disclosed several alternative solutions to address the challenge of increasing ETH’s gas limits. The Ethereum developer suggested the adoption of regenesis as a short-term solution to manage history growth. 

He also proposed delaying a gas limit increase until the fall out of the EIP-4844, an Ethereum upgrade currently undergoing testing to enhance the storage capacity. Regarding an inflated state size, Wijden revealed that there were no concrete solutions presently available to address the problem.

Concluding his report, the developer advised community members to exercise caution when considering an increase in Ethereum’s gas limits. Additionally, he stressed the importance of understanding the long-term and short-term effects associated with the changes in ETH gas limits. 

Read Entire Article
spot_img

Related Posts

Ex-Twitter CEO Jack Dorsey Says Bitcoin Will Reach $1 Million, Here’s When

Jack Dorsey, the former CEO of X (formerly Twitter) has predicted when Bitcoin will reach $1 million The tech entrepreneur is a familiar figure in the crypto space and is known to be heavily invested

Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving

Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s) Following the halving, onchain costs have

Even if this weekend’s solar storm destroyed civilization, Bitcoin would survive

The sun can produce massive flares of particles and radiation that can have a significant impact on Earth Scientists have studied these flares for 150 years, focusing on what’s considered the

Crypto Exchanges Helping Brazilian Flood Victims

Several cryptocurrency firms are stepping up to support flood victims in Southern Brazil For example, Okx has partnered with Brazilian cryptocurrency exchange Foxbit to match donations of up to

Unlocking The Dogecoin Code: One Factor Holds The Key To Its Next Ascent

Dogecoin, the meme-inspired cryptocurrency that took the internet by storm in 2021, has seen a recent uptick in price However, experts are cautioning investors against mistaking this blip for the

PEPE Coin Gains Momentum, Eyes Continued Growth

Despite the current downturn of the crypto market, PEPE coin has been one of the tokens that is still holding strong as its price is still trading above the 100-day Simple Moving Average (SMA) and
- Advertisement -spot_img