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we're proposing 100% increase, not 33%
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nanexcool authored Dec 5, 2024
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Expand Up @@ -320,11 +320,11 @@ <h3 id="header-3">Why this target specifically?</h3>
without putting the network at risk.</p>

<h3 id="header-3">How does this help Ethereum?</h3>
<p>Raising the gas block limit 33% gives Layer 1 Ethereum the ability to process 33% more transaction load in a
<p>Raising the gas block limit 100% gives Layer 1 Ethereum the ability to process 100% more transaction load in a
day.
This has the potential to lower gas fees on L1. It's <a target="_blank"
href="https://ethresear.ch/t/estimating-cryptocurrency-transaction-demand-elasticity-from-natural-experiments/2330">estimated</a>
this could reduce tx fees ~15-33%. </p>
this could reduce tx fees ~20-40%. </p>

<h3 id="header-3">What about blobs?</h3>
<p>Blobs (EIP-4844) help greatly reduce Layer 2 transaction fees, not Layer 1 transaction fees. A combination of
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