Ethereum Researcher Proposes Increasing Gas Limit by 100x to Improve Mainnet Scalability

On April 28th, according to The Block report, Ethereum researcher Dankrad Feist proposed in the Ethereum Improvement Proposal (EIP-9698) released on Sunday to gradually multiply the Ethereum gas limit by 100. As per the proposal, Ethereum clients will vote to raise the gas limit in accordance with an exponential growth plan. The proposal presents a "deterministic gas limit increase schedule" where it will increase by a factor of ten every two years (164,250 blocks), and the plan is scheduled to commence in June 2025. If the proposal is implemented as suggested by Feist, the gas limit will experience a 100x increase over the next four years, going from the current 36 million to 3.6 billion, which will notably enhance the performance of the Ethereum main network. Feist is aware of potential challenges such as the pressure on less optimized nodes and the increased block propagation times. However, he believes that the gradual increase will provide node operators and developers with sufficient time to adapt and optimize. Fabrice Cheng, an Ethereum ecosystem developer, stated that this change theoretically would raise Ethereum's transaction processing speed to 2,000 transactions per second.