Vitalik Buterin Proposes 5X Gas Increase to Boost Ethereum Efficiency

Ethereum co-founder Vitalik Buterin has introduced a groundbreaking proposal aimed at significantly enhancing the network’s efficiency and scalability. The proposal involves increasing the block gas limit by five times while simultaneously raising the cost of inefficient computations. This strategic move seeks to address Ethereum’s longstanding challenges with congestion, resource allocation, and development practices.