Gas limit extension due to Ethereum hard fork: Major update scheduled for January

The Ethereum network is poised for significant changes in January. The development team plans to increase the gas limit from the current 60 million to 80 million in conjunction with the implementation of the BPO hard fork, which is a key measure aimed at enhancing the network’s processing capacity.

What is a Hard Fork?

A hard fork is a major upgrade involving changes to the blockchain’s rules, requiring all network participants to migrate to the new version. The upcoming BPO hard fork primarily aims to improve Ethereum’s scalability and efficiency, with the increase in gas limit being a central part of this strategy.

Implementation Schedule and Decision-Making Process

Final approval will be confirmed at the All Core Devs meeting held on January 5, followed by the hard fork implementation on January 7. The increase in the gas limit is expected to boost the number of transactions the blockchain can process, alleviating network congestion and reducing fees.

Cryptocurrency Market Trends

Meanwhile, top market cap coin Dogecoin (DOGE) has recently risen by +2.28%, indicating an improvement in market sentiment. However, pressure on traditional key support levels continues, and investors remain watchful.

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