Ethereum may soon enforce a 16.77 million gas limit on single transactions under EIP-7983, proposed by Vitalik Buterin and researcher Toni Wahrstätter to improve performance and reduce attack surfaces.
In the 7th July proposalEthereum is a cryptocurrency that can be used to buy and sell goods. “enhance its resilience against certain DoS vectors, improve network stability, and provide more predictability to transaction processing costs” By implementing a cap at the protocol level on each transaction.
A single Ethereum transaction could theoretically use up the block gas cap, leaving the network vulnerable to attacks such as denial of service and instability. EIP-7983 fixes the problem by setting a limit of 16,77 million units of gas per transaction. Each unit represents a measurement of the computational work performed on the Ethereum Network.
It would also ensure that gas usage is distributed more evenly across all transactions. During block validation, transactions that exceed 16.77 millions in gas will be rejected and are not eligible for new blocks.
This proposal doesn’t change the block-total gas cap, which is still adjustable by validators and miners under the current consensus framework. The proposal introduces protocol-level restrictions to control the gas consumption of each transaction, improving safety and predictability.
Buterin and Wahrstätter argue that the 16.77 million cap strikes a balance between accommodating complex use cases, such as DeFi interactions and contract deployments, while reducing operational and security risks.
According to reports, most current transactions fall below this threshold. This means that the proposal is unlikely disrupt usual user or developer behavior.
Cap also allows for better compatibility with virtual machines that require zero knowledge (zkVMs), as transactions are broken down into smaller and more manageable pieces.
EIP-7983 promotes modularization of transactions by forcing gas limitations per transaction. This approach fits well with the needs of the zk based execution environment and may allow for more efficient integration and proof generation.
EIP 7983 is a continuation of earlier work including EIP 7825 which also sought to improve predictability in transaction execution. The two proposals are part of a larger movement in the Ethereum ecosystem that aims to reduce complexity and bottlenecks on the protocol.
Ethereum is facing mounting pressures. competition Smart contract platforms are now faster and more effective.
In June for instance, Solana outpaced Ethereum generated over $146,000,000 in revenue from decentralized applications. Solana has also maintained a greater share in DEX volume with $5.78bn compared to Ethereum’s $4.70bn.
Buterin called for a call to action in this context. simplifying Ethereum’s core design It will improve security and reduce costs. He said that an Ethereum with a smaller footprint and more accessibility would reduce infrastructure costs, improve security and decentralization.
Buterin proposed to reduce the amount of sulphur dioxide in the air. node hardware requirements Partial statelessness is achieved through a partial lack of information. He introduced the concept of full nodes that verify the whole chain, but store only the relevant state for the user in a blog post later published in May.
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Source: crypto.news
