The latest proposal EIP-7983, which they published, describes a mechanism designed to minimize the risk of network congestion and reduce the likelihood of DoS attacks. The new limit should make it easier to predict the costs of performing transactions on the network and make the settlement process more transparent.
Currently, Ethereum only has a limit for an entire block, and it is 36 million units of gas. If the proposal is approved, the specified limit will apply to each individual transaction, regardless of what limit miners or validators set for the entire block.
Buterin and Warstetter note that the proposed value allows for both smart contracts and complex DeFi operations to be launched without problems. Transactions that exceed the new threshold will be automatically rejected before they reach a block, which should improve the overall security of the network.
The limitation will also have a positive effect on the operation of zero-knowledge virtual machines (zkVM) and will encourage users to split large transactions into several smaller ones. The authors of the initiative emphasize that the innovation is not compatible with previous versions of the protocol, but, according to them, this will only affect a small part of users and decentralized services, since most transactions already fit into the new framework.
Earlier, in May, the Ethereum Foundation launched a major initiative called Trillion Dollar Securit. Its goal is to unite the efforts of the community to improve the security of the entire network. In early July, the project team presented the first report, where they outlined the key problems that Ethereum may face in the future.
The adoption of EIP-7983, according to its authors, will be another step in the development of network security mechanisms and will help the community maintain the reliability of Ethereum at a high level, even with the growth of the number of users and the complexity of transactions. The innovation should give developers and validators more tools to combat potential vulnerabilities and attacks that can threaten the stability of the blockchain.
Thus, Buterin and Warstetter are confident that the proposed changes will contribute to a more stable and secure operation of the entire Ethereum ecosystem, opening up opportunities for further technological development and adaptation to new market challenges.