Ethereum Foundation Updates Layer 1 Expansion Progress with Multiple Initiatives to Enhance Performance and Expand Network Processing Capabilities.
Ethereum Foundation has just announced improvement activities including key personnel appointments, raising Gas limits, optimizing data management, and deploying new technologies like zkEVM to improve user experience and network performance.
- Appointing Marius van der Wijden as co-leader of Layer 1 expansion project.
- Increasing network Gas limit to 45 million, targeting 100 million Gas.
- Implementing historical data reduction feature to save node capacity and develop zkEVM.
What Has Ethereum Foundation Done to Expand Layer 1 Recently?
Ethereum Foundation has announced plans to deploy updates for each work group to enhance Layer 1 efficiency and scale. They have appointed Marius van der Wijden as co-leader of the expansion project alongside Ansgar Dietrichs and Tim Beiko, aimed at strengthening coordination and accelerating development progress.
Additionally, technical improvements such as increasing mainnet Gas limit to 45 million is the first important step towards the 100 million Gas target to support larger transaction volumes. The Foundation is also implementing a historical data deletion feature after Merge to significantly reduce storage capacity on nodes, thereby optimizing operational costs and enhancing consensus performance.
What Does Raising Gas Limit to 45 Million Mean for Ethereum Network?
Gas limit is an indicator determining the number of transactions and activities that can be performed on Ethereum in a Block. Raising the Gas limit to 45 million is a significant step to process increased trading volume without reducing speed or excessively increasing fees.
This action is considered part of the Layer 1 scaling strategy, encouraging more complex DApp development while reducing pressure on Layer 2. However, increasing Gas limit also presents node resource challenges that must be carefully managed to avoid network bottlenecks.
What New Technical Initiatives Are Being Deployed to Optimize Ethereum Network?
One notable improvement is implementing pre-merge historical data expiration feature across all major execution layer clients, significantly reducing node disk capacity. This stems from the need to lower storage costs and ensure more stable network operations.
"Reducing node storage capacity is a crucial breakthrough to maintain efficient operability as the network expands and data volume increases significantly."
Statement by Marius van der Wijden, co-leader of Layer 1 expansion project, August 2024.
Simultaneously, performance benchmarking for computation and state is ongoing to better manage EVM resource costs and address performance bottlenecks. Notably, a prototype client prover applying zero-knowledge technology is in development, clarifying the roadmap for promoting real-time zkEVM proof - an important improvement to enhance privacy and more effectively expand the network.
What Personnel Is Ethereum Foundation Currently Lacking in Layer 1 Expansion Project?
The Foundation is currently open for applications for the performance engineering director role, with application deadline on August 10, 2024. This is a crucial role to ensure network expansion improvements are implemented with maximum efficiency, addressing technical challenges of speed and resources.
Adding senior personnel demonstrates Ethereum Foundation's commitment not only to technology development but also to improving project management quality, reinforcing the network's reputation and accuracy in each step.
Frequently Asked Questions
What Is Ethereum's Layer 1 Expansion?
Layer 1 expansion includes fundamental improvements to Ethereum's main chain, helping increase transaction processing capacity and reduce operational costs without relying on Layer 2 solutions.
Does Increasing Gas Limit Have Negative Effects?
If not managed well, increasing Gas limit can increase node resource requirements, risking network congestion or imbalance. Therefore, it needs to be accompanied by other optimization solutions.
What Is zkEVM Technology?
zkEVM uses zero-knowledge proof to ensure security and privacy in transaction processing, while helping to expand the network more effectively.
Why Reduce Node Data Capacity?
Reducing capacity helps nodes operate faster, save storage costs, and support sustainable network growth as data continues to expand.
When Is the Deadline for Performance Technical Director Position?
The application deadline is August 10, 2024, reflecting the urgent need to add highly specialized personnel in the Layer 1 expansion project.
