Ethereum Upgrades Gas Limit for Faster Transactions and Reduced Fees

Ethereum is making major upgrades to its network capacity, aiming to create a faster, cheaper, and more efficient experience for users and developers. A 66% increase in the gas limit from 36 million units to 60 million units has been proposed, as part of a significant development that will impact transaction speed and efficiency. This new gas limit is expected to enhance the network’s capacity to handle transactions per block, leading to smoother experiences for users who can now expect faster transaction times and lower fees.