Coin-Turk 17 minutes ago
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The blockchain infrastructure company Consensys announced its support for the growing proposals to increase the Ethereum 
$3,114 gas limit. The company believes that raising the gas limit is crucial for ETH ($3,117.66) to achieve its objectives.
Understanding the Ethereum Gas Limit
Consensys stated that scaling Ethereum’s core layer is necessary to reach optimal functionality. The firm implies that this scaling should begin with the removal of the gas limit, which is gaining traction with the support of 40% of network validators.
The company noted that increasing the gas limit would allow for more complex transactions in each Ethereum block, reducing the gas costs required for their approval. This situation is expected to reduce delays in the short term and enable developers to build more complex applications in the long run.
Scaling Ethereum Effectively
Discussions surrounding the increase of the gas limit extend until March 2024. Despite the be…
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