Ethereum Completes Dynamic Block Gas Limit Adjustment, Increasing Network Transaction Throughput by 20%

BlockBeats News, February 8th, Ethereum founder Vitalik Buterin retweeted a technical update showing that Ethereum's L1 has completed a dynamic adjustment of the block Gas limit, increasing it from 30M to 36M. This adjustment was driven by validator consensus, with 49.5% of validators currently adopting the new parameter. This upgrade has increased the L1 network's transaction processing capacity by 20% and is expected to reduce transaction fees by 10% to 30%.