Galaxy research highlights uncertainty around Ethereum gas limit change

Proposed gas limit increase raises concerns: Vitalik Buterin’s suggestion to raise the gas limit by 33% has gained support from some developers but faces skepticism from MAJOR validators like Coinbase and Kraken. Galaxy Research has highlighted these uncertainties about its potential impacts on Ethereum.

Scalability improvements may be limited: Christine Kim from Galaxy Research noted that while the gas limit increase might not harm Ethereum, its scalability benefits could be minimal. Research suggests that any congestion issues are manageable, but significant improvements remain in question.

Ongoing competition in the blockchain space: As Ethereum deliberates on the gas limit adjustment, competitors like Cardano have hit MAJOR milestones, achieving 1 million transactions per second. This intensifies the need for Ethereum to innovate and adapt to maintain its leadership in the blockchain environment.