Ethereum developers have introduced a new initiative aimed at raising the blockchain networkNetwork The set of computers connected to each other, called nodes, on which the blockchain of a specific cryptocurrency is based.’s long-static gas limit in an effort to enhance scalability. Core Ethereum developer Eric Connor and former MakerDAO smart contracts head Mariano Conti unveiled “Pump The Gas,” a website advocating for increasing the Ethereum gas limit from 30 million to 40 million. They argue that this adjustment will lead to a notable reduction in transactionTransaction Exchange of value, property, or data between two parties. fees on layer 1, potentially lowering fees by 15% to 33%. The proposal has garnered support from various stakeholders within the Ethereum community, including users, stakers, and DeFi investors. The call to increase the gas limit has gained momentum in recent months, with Ethereum co-founder Vitalik Buterin and other contributors endorsing the move. However, not all are in favor, as concerns about blockchain state size, network performance, and potential vulnerabilities have been raised. Despite the debate, proponents believe that raising the gas limit, coupled with other enhancements like data blobs, could help scale both layer 1 and layer 2 Ethereum, paving the way for increased transaction throughput and network efficiency. (Source: Cointelegraph)