The core developers of the Ethereum blockchain are advancing in the direction of increasing the scalability of their network with a new innovation. According to information, Ethereum developer Eric Connor and former Head of Smart Contracts at MakerDAO, Mariano Conti, have initiated a new website called Pump The Gas to increase the long static gas limit. It has been made to increase the Ethereum gas limit from 30 million to 40 million through the Pump The Gas initiative, reducing transaction fees on Layer 1. In a post on social media platform X, Eric Connor stated that through Pump The Gas, transaction fees on Layer 1 could decrease by 15% to 33%. We invite solo stakeholders, client teams, pools, and community members to join this initiative.
According to Coin Gabbar, Pump The Gas is receiving good support from people. Before the launch of this website, the hashtag #pumpthegas started trending on social media platforms. Ethereum users, DeFi investors, and community members are supporting this new change in the network.
Pump The Gas website will enhance Ethereum's scalability. Developers argue that the Pump The Gas website, started to increase the long static gas limit of the Ethereum blockchain network, will help in increasing Ethereum's scalability. The Ethereum gas limit refers to the maximum amount of gas spent on executing transactions or smart contracts in a given block. Where gas is a fee paid in Ether, necessary for transactions on the network or executing smart contracts. With the Pump The Gas initiative to increase the gas block limit by 33%, Layer 1 Ethereum gains the ability to process 33% more transactions load in a day, which could previously only be done with some limitations.
The Ethereum developer team is continuously striving to make the Ethereum blockchain better. Recently, a hard fork was done on the Ethereum blockchain for the Dencun Upgrade to make it better. The special feature of this upgrade is that after this, the network has become better than before and also cost-effective for users. The Dencun Upgrade of Ethereum is secure and easy to use.
