BlockBeats News, April 28th, according to The Block report, Ethereum researcher Dankrad Feist proposed in Ethereum Improvement Proposal (EIP-9698) released on Sunday to gradually increase Ethereum's gas limit by a factor of 100. According to the proposal, Ethereum clients will vote to increase the gas limit following an exponential growth plan. The proposal introduces a "deterministic gas limit increase schedule," which will increase by a factor of ten every two years (164,250 blocks), with the plan scheduled to start in June 2025.

If the proposal is implemented as suggested by Feist, the gas limit will increase by 100x over the next four years, from the current 36 million to 3.6 billion, significantly enhancing the performance of the Ethereum main network. Feist acknowledges potential challenges such as pressure on less optimized nodes and increased block propagation times, but he believes that the gradual increase will allow node operators and developers time to adapt and optimize. Fabrice Cheng, an Ethereum ecosystem developer, stated that this change theoretically would increase Ethereum's transaction processing speed to 2,000 transactions per second.