⏰ Act Early, Profit Big!
Be among the first to access the newest altcoins. Don't miss out, click now!

Base Plans Major Gas Target Increase to 10Mgas/sec on Ethereum Layer 2 Network

  • The Ethereum Layer 2 network, Base, is planning to increase its gas target from 9.375Mgas/second to 10Mgas/second, aiming to enhance transaction speeds.
  • This move is intended to provide a more efficient and attractive environment for developers to build on the platform.
  • Recently, Base achieved a significant milestone by processing 50 transactions per second for the first time.

Discover how Base’s gas target increase promises to improve its network speed and efficiency, fostering innovation and attracting developers.

Base Plans to Elevate Its Gas Target

Base, a layer 2 network on Ethereum, has revealed its intentions to boost its gas target to double-digit figures, specifically to 10Mgas per second, from the current 9.375Mgas/second. This update is projected to be implemented on July 30th. As stated in a recent post by Jesse Pollak, a prominent Base builder, this enhancement is a strategic move to offer better performance and efficiency, thereby making the platform more appealing to developers.

Impact on Network Performance

The anticipated upgrade will follow recent successes in increasing the gas target incrementally, stepping up from 8.75Mgas/sec to 9.375Mgas/sec. The enhancements in gas targets have already positively impacted the network, with Base recently achieving a groundbreaking 50 transactions per second (TPS) for the first time. This increment marks another pivotal moment for the network as it continues to scale.

Strategic Goals and Developer Attraction

The initiative to push the gas target higher stems from Base’s strategic vision to foster a more vibrant and efficient ecosystem. By increasing the number of transactions that can be processed per second, the network reduces latency and enhances performance. These improvements are particularly crucial for attracting developers who demand high performance and scalability for their applications.

Checklist for Node Operators

In preparation for this upgrade, Base has issued a checklist for node operators to ensure they are ready for the expected increase in activity. Operators are advised to monitor their CPU and disk I/O as well as upgrade to NVMe SSDs to handle better throughput. Enhancing CPU performance with a focus on single-core speed is also recommended to maintain network integrity and performance amidst growing activity.

Future Outlook and Benefits

The proposed upgrade aligns with Base’s broader objective of boosting innovation and economic freedom within the crypto ecosystem. By easing the load on the network and enabling more robust transaction processing capabilities, Base aims to provide an unmatched environment that facilitates cutting-edge developments in blockchain technology. This forward-looking approach is likely to generate increased interest and investment in the network, further driving adoption and growth.

Conclusion

The planned increase in Base’s gas target represents a significant step towards enhancing the network’s efficiency and appeal to developers. As Base continues to evolve by hitting new performance milestones, it solidifies its position as a competitive and forward-thinking layer 2 solution on Ethereum. Stakeholders can look forward to further innovations and improvements as the network scales to meet rising demands.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

TRUMP ADMINISTRATION RELEASES REPORT FROM CRYPTO WORKING GROUP, WITH DETAILS ON A BITCOIN STRATEGIC RESERVE NOTABLY MISSING: BBG

TRUMP ADMINISTRATION RELEASES REPORT FROM CRYPTO WORKING GROUP, WITH...

Midl Secures $2.4M Seed Round to Build Native Bitcoin Smart Contract Execution Environment

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Whale Moves 20,000 ETH from Binance, Transfers 16,000 ETH to Aave V3 – Mars Finance Update

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Coinbase Partners With JP Morgan, Allowing Credit Card Purchases On Coinbase And Redeeming Chase Points For USDC.

Coinbase Partners With JP Morgan, Allowing Credit Card Purchases...

White House Crypto Policy Report to Highlight Bitcoin Tokenization and Legislative Recommendations

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Zora May Surpass Solana Platforms in Daily Token Creations Amid Growing User Engagement

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Coinbase and JPMorgan Explore USDC Rewards and Crypto Integrations for Chase Customers

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Bitcoin May Face Further Decline if Support Levels Near $117,000 Fail to Hold, Analysts Suggest

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Perplexity AI Suggests Possible XRP Price Recovery by August 2025 Amid Market Uncertainty

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Florida Sheriffs May Return Seized Bitcoin Amid Legal Challenges Highlighting Asset Forfeiture Complexities

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

SEC’s In-Kind Approval May Enhance Bitcoin ETF Efficiency Primarily for Institutional Investors

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

XRP Price Faces Potential Further Decline Toward $3 Support Amid Market Selling Pressure

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Potential Impact of Proposed US-India Tariffs on Bitcoin and Global Markets

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img