Ethereum Is On A Tear…Fusaka Could Make It Even Better
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With an ETH rally in full swing, Ethereum’s development team is toiling away on Fusaka – a network reboot that will streamline the blockchain’s execution engine for even higher throughput and flexibility.
What began as a basket of sometimes conflicting ideas has hardened into a clear package of improvements: a higher ceiling on gas fees, caps on the number of data blobs per transaction, and new ways to connect decentralized finance (DeFi) with traditional e-commerce.
It all adds up to a faster network with more efficient block space utilization, moving Ethereum ever-closer to seamless off-chain integration.
Incremental excellence
At the start of the year, Fusaka was a loose collection of ideas. EIPs were being written to address a gas limit increase, fix blob fees, and answer open questions about the size of smart contracts.
Rather than unleash a host of new features, the Ethereum foundation has opted for tweaks, but the cumulative package is substantial.
These are the biggest improvements:
More Transaction Capacity Per Block
Arguably, the biggest change in Fusaka is a new upper gas limit of 45 million units, delivering a potential lift to block transaction capacity.
Ethereum’s gas limit puts a cap on how much computational effort any single transaction can consume. It’s a critical network parameter, setting limits on how much compute a block can use when executing smart contracts or handling transactions.
Expressed in units of gas, the fee Ethereum levies for transaction processing, the new limit is a deliberate traffic management tool. It helps avoid bottlenecks by constraining the cumulative complexity of operations included in each block.
If the change goes through, it could raise Ethereum’s network transaction …
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