Ethereum to Revolutionize Transaction Speed: EIP-9698 Doubles Gas Limit for Exponential Growth

For years, Ethereum has faced criticism for its slow transaction speeds and high costs. Now, a new proposal aims to drastically improve this by nearly doubling the network’s gas limit. Dankrad Feist’s EIP-9698 initiative proposes a four-year plan that will increase the gas limit by 100 times. This means Ethereum could reach up to 2,000 transactions per second (TPS), a significant boost from its current level of just 20 TPS in peak cases. )