Ethereum faces potential obsolescence within a decade if it fails to address its transaction capacity limitations, according to a proposal by researcher Dankrad Feist. His proposal, EIP 7938, aims to increase the network’s gas limit by 100 times over four years, aiming for higher transaction throughput per block. Feist argues this move is crucial to prevent Ethereum from losing ground to rival blockchain networks like Arbitrum and Optimism. While his proposal is considered unconventional, it stems from concerns about fragmented liquidity across layer-2 platforms, which could weaken Ethereum’s dominance. The proposal aims for a 1,000-fold scaling increase while maintaining core features like censorship resistance and transaction verifiability. Bitwise CIO Matt Hougan acknowledges the urgency behind Feist’s plan but cautions on its implementation challenges due to potential network strain and storage demands. 2023 has seen Ethereum struggle with scalability limitations, lagging behind competitors like Solana in transaction speed. This proposal seeks to address these concerns before they further accelerate a possible shift away from Ethereum. The market awaits a clear path for the implementation of this plan and its impact on Ethereum’s long-term trajectory.