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Ether Fang Pectra upgrade will be launched in March, Vitalik: it can double the capacity of Layer 2! Gas Limit is increased for the first time in the PoS era.
Ethereum reached an important scalability milestone today with a Gas Limit exceeding 33.5 million, marking the first Layer 1 expansion in the PoS era. Vitalik Buterin commented, "L1 is expanding," and thanked developers for improving Ethereum's scalability. In addition, he said that the Pectra upgrade is expected to be released in March, doubling the blob target. Today, Ethereum's Gas Limit has been raised to over 33.5 million, which means Ethereum's throughput has increased further. Vitalik Buterin, co-founder of Ethereum, forwarded the news and said, "L1 is expanding," and paid tribute to all developers for their efforts to improve Ethereum's scalability. This change marks the first expansion of Ethereum Mainnet in the PoS era, which is a milestone. The Gas Limit in Ethereum network is not a fixed value, but is decided by validators' consensus. When more than 50% of validators support it, Gas Limit can be gradually adjusted. This change marks the first expansion of Ethereum Mainnet in the PoS era, which is a milestone. The core technology upgrade supports higher Gas Limit while Vitalik also mentioned that several key technology upgrades are driving the expansion of Layer 1, allowing Ethereum to maintain network decentralization and efficiency while increasing Gas Limit: EIP-4444 (historical data expiration): reducing Node storage burden and drop synchronization costs. Statelessness (stateless client): The concept of a stateless client aims to allow Nodes to verify Blocks without storing complete state data, thereby reducing resource requirements. EIP-9257 proposes using a binary tree structure to achieve this goal, further improving Ethereum's operational efficiency. Client efficiency upgrade: improving Ethereum Node's operational efficiency to ensure that higher Gas Limit does not affect decentralization. The Pectra upgrade is expected to be released in March. In addition, Vitalik also proposed a new idea, suggesting that the blob target be set as "determined by stakers' votes", so that dynamic adjustments can be made based on technological progress without waiting for a hard fork of Ethereum. The community is looking forward to the Pectra upgrade to drive Ethereum's recovery. Recently, the Ethereum ecosystem has not seen a significant breakthrough, and the high Gas fee issue has caused some on-chain users to lose. However, some experts still have expectations for the Pectra upgrade, believing that this upgrade will significantly enhance Ethereum's network performance and user experience by expanding blob capacity, increasing maximum stake amounts, and account abstraction, attracting more developers and users to enter the Ethereum ecosystem and possibly driving the demand for ETH to rise. Today's increase in Gas Limit also shows that Ethereum Mainnet is further expanding, bringing confidence to the overall ecosystem. Whether this can stimulate the recovery of the token price and Ethereum's ecosystem regaining dominance still needs to be verified over time.