Vitalik Buterin Proposes New Gas Limit to Enhance Ethereum Efficiency

Overview

Welcome to The Protocol, CoinDesk’s weekly summary of vital cryptocurrency tech updates. This issue sheds light on key developments:

Vitalik Buterin’s New Proposal

A new Ethereum initiative, co-created by Vitalik Buterin and Toni Wahrstaetter, proposes setting a strict gas limit for transactions. The aim is to enhance stability and align it with Ethereum’s evolving modular design. The proposal, labelled EIP-7983, suggests limiting each transaction to 16,777,216 gas (2²⁴), a significant shift from the current protocol that permits individual transactions to utilize an entire block’s gas.

Jack Dorsey’s Bitchat

Jack Dorsey has released a whitepaper for Bitchat, an innovative messaging system enabling secure, internet-free communication using Bluetooth. Although it does not directly reference Bitcoin, it presents a peer-to-peer messaging model, akin to early Bitcoin concepts.

Volkswagen’s Collaboration with Hivemapper

Volkswagen ADMT has partnered with Hivemapper to utilize its mapping services for autonomous driving, enhancing operational data collection efficiency.

Eigen Labs Restructures Staff

Eigen Labs, led by CEO Sreeram Kannan, has reduced its workforce by 25% to direct its focus on EigenCloud.

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