The post Ethereum Gas-Limit ‘Floor’ Targets Threefold Jump Next Year appeared on BitcoinEthereumNews.com. Ethereum educator Anthony Sassano said the goal to significantly increase Ethereum’s gas limit to 180 million next year is a baseline rather than a best-case scenario. “I think that’s the floor, that’s the minimum, I think we can go higher than that,” Sassano said during an interview on the Bankless podcast on Friday, just a day after Ethereum’s gas limit, which is the maximum amount of work the network allows in each block, was raised from 45 million to 60 million. “The general consensus that has been set by the core developers and researchers is that they want to aim for at least a 3X increase in the gas limit for the next couple of years,” he said.  Sassano pointed out that some Ethereum core developers are even discussing a potential fivefold increase in the gas limit within the next year. ETH gas limit goal can be achieved through repricing transactions It is an important development for Ethereum users as a higher gas limit allows Ethereum to fit more work into each block, including swaps, token transfers and smart contract calls.  Anthony Sassano spoke to Ryan Adams on the Bankless podcast. Source: Bankless Sassano said developers can achieve this by rebalancing transaction costs, making some activities cheaper on Ethereum while increasing the expense of others.  “We can lower the cost of a basic ETH transfer from 21,000 gas to 6,000 gas, which is an over 70% cost reduction, while keeping the gas limit the same,” he said, explaining that by redistributing costs in this way and repricing other activities, the network could ultimately support higher gas limits.  “We’re basically trading efficiencies here,” Sassano said. Ethereum co-founder Vitalik Buterin was among those advocating a potential fivefold increase, proposing higher costs for operations that are “relatively inefficient to process.” Ethereum’s Fusaka upgrade… The post Ethereum Gas-Limit ‘Floor’ Targets Threefold Jump Next Year appeared on BitcoinEthereumNews.com. Ethereum educator Anthony Sassano said the goal to significantly increase Ethereum’s gas limit to 180 million next year is a baseline rather than a best-case scenario. “I think that’s the floor, that’s the minimum, I think we can go higher than that,” Sassano said during an interview on the Bankless podcast on Friday, just a day after Ethereum’s gas limit, which is the maximum amount of work the network allows in each block, was raised from 45 million to 60 million. “The general consensus that has been set by the core developers and researchers is that they want to aim for at least a 3X increase in the gas limit for the next couple of years,” he said.  Sassano pointed out that some Ethereum core developers are even discussing a potential fivefold increase in the gas limit within the next year. ETH gas limit goal can be achieved through repricing transactions It is an important development for Ethereum users as a higher gas limit allows Ethereum to fit more work into each block, including swaps, token transfers and smart contract calls.  Anthony Sassano spoke to Ryan Adams on the Bankless podcast. Source: Bankless Sassano said developers can achieve this by rebalancing transaction costs, making some activities cheaper on Ethereum while increasing the expense of others.  “We can lower the cost of a basic ETH transfer from 21,000 gas to 6,000 gas, which is an over 70% cost reduction, while keeping the gas limit the same,” he said, explaining that by redistributing costs in this way and repricing other activities, the network could ultimately support higher gas limits.  “We’re basically trading efficiencies here,” Sassano said. Ethereum co-founder Vitalik Buterin was among those advocating a potential fivefold increase, proposing higher costs for operations that are “relatively inefficient to process.” Ethereum’s Fusaka upgrade…