📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
#Gate VIP New Upgrade# A new update proposal has come from Vitalik Buterin that will change the structure of Ethereum!
Ethereum co-founder Vitalik Buterin proposed a new feature that could be significant for the ETH network.
Ethereum co-founder Vitalik Buterin and researcher Toni Wahrstätter have proposed a new Ethereum Improvement Proposal (EIP-7983) aimed at setting a cap on gas usage per transaction.
The proposal includes a protocol-level cap that allows each transaction to use a maximum of 16.77 million gas (2^24). The aim is to increase the network's resilience against Denial of Service (DoS) attacks, provide a more stable network structure, and enhance predictability in transaction fees.
According to the new proposal, transactions will no longer exceed 16.77 million gas, independent of the block gas limit set by the network. This limit will be enforced by Ethereum clients during the transaction validation phase and transactions exceeding this limit will be deemed invalid and not included in the transaction pool. Similarly, blocks containing transactions that exceed this limit will also be considered invalid.
Gas Upper Limit: A gas upper limit of 16.77 million will be applied to all transactions.
Txpool Validity: Ethereum transactions exceeding this limit will be rejected during the validation phase.
Block Validity: Blocks containing transactions that exceed the gas limit will be considered invalid.
Independence: This transaction limit will not be directly related to the block gas limit; blocks may contain a higher total gas limit, but a single transaction cannot exceed 16.77 million.
There are three main points among the justifications of the proposal:
Reducing DoS Attacks: The risks of a single transaction consuming all block gas will be eliminated, thus maintaining the balance of the network.
zkVM Compatibility: Structures divided into smaller transactions will become more suitable for zero-knowledge proof (zk Proof) systems.
Parallel Processing Performance: The fixed gas limit for ETH will provide a more balanced distribution of workload in parallel processing.
According to Buterin and Wahrstätter, the limit of 16.77 million is high enough to support both current DeFi applications and contract deployments; however, it is still a restrictive level that will keep system performance predictable and secure.
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