Latest news with #validators
Yahoo
5 days ago
- Business
- Yahoo
Ethereum Validators Signal Intention of Upping Gas Limit To 45M
Ethereum co-founder Vitalik Buterin said Sunday that nearly the majority of validators with staked ETH running the blockchain have signaled intent to increase the gas limit, allowing for more transaction throughput on the blockchain. According to the dashboard as of July 21, 2025, 49% of validators' staked ETH have indicated that they are in favor of upping the gas limit to reach 45 million units. On Ethereum, gas is the unit that measures the computational work required to execute transactions or smart contracts. Whenever a user interacts with the blockchain, they must pay a gas fee, which covers the cost of using Ethereum's computing resources. This ensures users pay in proportion to the complexity of their actions. Each block on Ethereum has a gas limit, which is the maximum amount of gas that can be consumed by all transactions in that block. If the total gas needed by pending transactions exceeds the block's limit, some transactions are postponed to future blocks. Because space is limited, transactions compete for inclusion, and those offering higher fees are more likely to be included first. The move to bring the gas limit up to 45 million comes as Ethereum's native token (ETH) broke through $3800 over the weekend and large institutions have deployed capital to use the blockchain for infrastructure and for other financial applications. The gas limit was previously raised in February, when it was set to 36 million. It was the first time since 2021 that it had been raised, after more than half of the validators on the network supported the change, without needing a hard fork. While Ethereum core developers are keen to scale the blockchain to include more transactions, they are not stopping at this limit. 'We're targeting 45 million for now, with a plan for higher soon after', said Parithosh Jayanthri, a DevOps Engineer at the Ethereum Foundation, in a message to CoinDesk. 'There's a lot planned for the next few years.' Read more: Ethereum Raises Gas Limits for First Time Since 2021, Boosting ETH Appeal
Yahoo
6 days ago
- Business
- Yahoo
Ethereum Validators Signal Intention of Upping Gas Limit To 45M
Ethereum co-founder Vitalik Buterin said Sunday that nearly the majority of validators with staked ETH running the blockchain have signaled intent to increase the gas limit, allowing for more transaction throughput on the blockchain. According to the dashboard as of July 21, 2025, 49% of validators' staked ETH have indicated that they are in favor of upping the gas limit to reach 45 million units. On Ethereum, gas is the unit that measures the computational work required to execute transactions or smart contracts. Whenever a user interacts with the blockchain, they must pay a gas fee, which covers the cost of using Ethereum's computing resources. This ensures users pay in proportion to the complexity of their actions. Each block on Ethereum has a gas limit, which is the maximum amount of gas that can be consumed by all transactions in that block. If the total gas needed by pending transactions exceeds the block's limit, some transactions are postponed to future blocks. Because space is limited, transactions compete for inclusion, and those offering higher fees are more likely to be included first. The move to bring the gas limit up to 45 million comes as Ethereum's native token (ETH) broke through $3800 over the weekend and large institutions have deployed capital to use the blockchain for infrastructure and for other financial applications. The gas limit was previously raised in February, when it was set to 36 million. It was the first time since 2021 that it had been raised, after more than half of the validators on the network supported the change, without needing a hard fork. While Ethereum core developers are keen to scale the blockchain to include more transactions, they are not stopping at this limit. 'We're targeting 45 million for now, with a plan for higher soon after', said Parithosh Jayanthri, a DevOps Engineer at the Ethereum Foundation, in a message to CoinDesk. 'There's a lot planned for the next few years.' Read more: Ethereum Raises Gas Limits for First Time Since 2021, Boosting ETH AppealSign in to access your portfolio
Crypto Insight
7 days ago
- Business
- Crypto Insight
Ethereum is scaling: TPS, gas limit up as validators back 45M target
Ethereum's throughput ticked up on Sunday as more validators signalled their support for increasing Ethereum's gas limit to 45 million units, which will reduce transaction fees and enable improved network scaling. Ethereum's gas limit rose to over 37.3 million units on Sunday, according to Etherscan, up almost 3% from levels late last week, while several blocks were proposed with higher gas limits. The latest gas limit increase represents the first significant climb since February, when it was raised from 30 million to 36 million. Improved transaction throughput Higher gas limits mean more transaction throughput on Ethereum's layer-1 network, and validators can automatically adjust the limit by about 0.1% per block when they signal support for changes. Ethereum throughput ticked up to just below 18 transactions per second over the weekend, according to Chainspect. It has also risen since the last gas limit increase when TPS was around 15. Validators agree to 'pump the gas' The weekend gas limit increase came as nearly half of all staked Ether is now signaling support to raise the gas limit to 45 million or higher through a grassroots 'pump the gas' campaign. 'Almost exactly 50% of stake are voting to increase the L1 gas limit to 45 million,' observed Vitalik Buterin on Sunday. Currently, 47.2% of staked validators are in favor of higher gas limits, according to Pump the gas The gas limit refers to the maximum amount of gas spent on executing transactions or smart contracts in each block. Gas is the Ether fee required to conduct a transaction or execute a smart contract on the network. Ethereum developers launched the 'pump the gas' campaign in March 2024 to initially raise the Ethereum gas limit from 30 million to 40 million, which they claimed would reduce transaction fees on layer 1. Buterin noted that recent Geth, the most popular Ethereum node client, team improvements make these scale increases safer with new archive node optimizations. Ether activity and price continue higher Ethereum network activity has also increased in recent months, with an uptick in daily transactions from around 1.1 million in April to current levels around 1.4 million, according to Etherscan. The uptick in network activity has correlated with an increase in price, with the asset gaining a whopping 54% over the past month. Ether topped $3,800 briefly in a seven-month high on Sunday as corporate treasuries and exchange-traded funds continue to load up. Source:
Associated Press
16-07-2025
- Business
- Associated Press
Lightchain AI Launches Bonus Round After Raising Over $21M Across 15 Presale Stages
SHREWSBURY, United Kingdom, July 16, 2025 (GLOBE NEWSWIRE) -- Lightchain AI, a blockchain infrastructure project powered by artificial intelligence, has officially entered its Bonus Round following the completion of 15 presale stages and securing more than $21 million in early funding. The Bonus Round is now live at a fixed token price of $0.007 and marks the next phase in Lightchain AI's roadmap aimed at expanding wallet distribution and onboarding developer participation. Designed to integrate artificial intelligence directly into smart contract execution, Lightchain AI features a proprietary AI Virtual Machine (AIVM), sharded architecture for scalability, and optimized gas performance. The ongoing Bonus Round provides new participants with continued access to tokens as Lightchain prepares for its next development milestones. 'Closing our presale with over $21 million raised is a major validation of our vision,' said a Lightchain AI spokesperson. 'We're now focused on expanding community engagement through wallet growth, contributor onboarding, and developer incentives.' The Lightchain ecosystem has already begun its rollout, including: Lightchain AI is structured to support application developers, validators, and community members through a transparent and modular framework. Its roadmap includes continued enhancements to the AIVM engine, cross-chain interoperability tools, and additional incentive programs for builders and early adopters. For more information or to participate in the Bonus Round, visit: Whitepaper Twitter/X Telegram Contact: SHAJAN SKARIA [email protected] Disclaimer: This content is provided by Lightchain statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information do not guarantee any claims, statements, or promises made in this content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press the event of any legal claims or charges against this article, we accept no liability or does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at
Yahoo
30-06-2025
- Business
- Yahoo
BNB Hovers Above $648 as Maxwell Hard Fork Upgrade Set to Double Block Production Speed
BNB BNB traded in a narrow range on Sunday, reflecting resilience amid low volatility as the BNB Chain community gears up for a significant infrastructure upgrade, according to CoinDesk Research's technical analysis model. The Maxwell hard fork upgrade scheduled for June 30 is poised to enhance the performance of the BNB Smart Chain (BSC) mainnet by cutting block times from 1.5 seconds to 0.75 seconds—doubling the chain's throughput potential. This upgrade builds on earlier milestones like the Lorentz fork, which reduced block time from 3 seconds and introduced enhanced network stability. Maxwell moves BSC into sub-second block speeds, helping it compete more directly with faster chains such as Solana. The hard fork will be powered by three protocol improvement proposals: BEP-524, BEP-563 and BEP-564. These measures overhaul key components of validator coordination and consensus mechanics. Notably, validators will now serve longer block proposal turns (16 blocks per turn), and the epoch length is being extended from 500 to 1,000 blocks — changes expected to stabilize performance even under accelerated conditions. To avoid network congestion and excessive state growth, the per-block gas limit will be halved from 70 million to 35 million. Improvements on the networking side are also expected, with faster block propagation among validators — within 400 milliseconds —and improved range synchronization for lagging nodes. Named after physicist James Clerk Maxwell, the upgrade is designed to balance speed with stability, aiming to elevate BNB Chain's standing across DeFi, GameFi, and enterprise blockchain sectors. By delivering more responsive block finality and smoother validator participation, the Maxwell hard fork could help drive future adoption and developer growth across the ecosystem. Technical Analysis Highlights Between June 28 15:00 UTC and June 29 14:00 UTC, BNB climbed from $646.29 to $650.25, a 0.61% gain with a $5.75 (0.89%) trading range. The price found key support at $647.11 during the 02:00 UTC hour on June 29, with above-average volume of 10,034 units. Resistance emerged at $651.30 during the 12:00 UTC hour, capping further volume spikes at 07:00 and 09:00 UTC (18,696 and 22,494 units, respectively) confirmed persistent buyer interest above $648. From 13:05 to 14:04 UTC on June 29, BNB dipped slightly from $650.85 to $650.25, posting a 0.09% intraday loss. Price briefly hit a session peak of $651.07 at 13:23 UTC before rejecting lower, with a volume spike of 957.81 units at 13:25 UTC. As of 21:24 UTC, BNB traded at $648.37, paring earlier gains and holding below resistance near the $651 level. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
