Dosing The State, The Ethereum Scalability Challenge

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Summary

Ethereum transactions, June 2020 Despite a 50% increase in the gas limit, ethereum transactions are still some way off all time high. There’s always Infura of course, the nodes in the cloud provider that powers maybe even the majority of ethereum network operations. Gas in ethereum is an abstract unit of measurement of how many computing resources are required to perform an action. As much was revealed some time ago when ethereum reached full capacity despite processing only half its all time high transactions. In ethereum there is no such protocol level compression of transactions and that’s because it uses accounts.

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Despite an increase in ethereum’s gas limit, the blocksize has not changed much because there isn’t a complete relationship between the amount of transactions and the amount of data.

As much was revealed some time ago when ethereum reached full capacity despite processing only half its all time high transactions.

There is obviously some relationship between bytes and gas in ethereum as can be seen above and if this was a line chart, then you’d see a general increase. Yet it’s a bit of a messy relationship.

Gas in ethereum is an abstract unit of measurement of how many computing resources are required to perform an action.

As contracts are Turing complete, you can have endless while loops. Gas puts a limit to that and that limit currently is 12 million.

Ethereum transactions, June 2020

Despite a 50% increase in the gas limit, ethereum transactions are still some way off all time high. That’s because much of the gas is taken by...

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