Ethereum Miners Mulling Over Increasing Gas Limit, Leads To Community Deliberation

Ethereum miners are mulling over growing the block gas limit. This move has both advantages and disadvantages for the network.

Presently, the miners are voting to inflate the block gas limit from 10 Million to 12.5 Million gas, as per a recent tweet from the parent company of Ethermine pool, Bitfly.

It would theoretically upsurge the inclusive capacity of the network, in case the vote comes through. Furthermore, it will also lead to decreased fees. Precisely, according to Bitfly’s calculations, Ethereum blockchain would begin meting out around forty-four transactions per second, though at present it handles thirty-five transactions per second on average.

Nevertheless, the amplified gas limit has some probable disadvantages. As the threshold turns out to be greater, it takes additional time for miners to process each block. This will ultimately result in the so-called “uncle blocks” issue. Notably, the “uncle blocks” issue transpires when 2 different miners produce a block at the same time Only one of these blocks gets attached with the underlying blockchain. This process principally results in additional effort for miners.