Altcoins News
By Evie Vavasseur
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Ethereum [ETH] is making a crucial upgrade to its network with the introduction of EIP-7983, a proposal designed to cap the gas consumed by individual transactions.
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The new Ethereum Improvement Proposal, EIP-7983, seeks to impose a strict upper limit of 16.77 million gas units per single transaction.
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The proposal states clearly that “any block containing a transaction with gasLimit greater than 16.77 million will be deemed invalid and rejected.
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Alongside technical upgrades, Ethereum is also attracting substantial institutional interest. BlackRock, the world’s largest asset manager, has amassed $4.
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Whale investors are also making notable moves. One particularly large whale reportedly allocated $181.7 million, dedicating approximately 95% of its portfolio, or $173.
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Leading the charge is SharpLink Gaming, which holds 198,167 ETH in its treasury, closely followed by Bit Digital with 27,623 ETH and BTCS Inc. with 14,600 ETH.
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Ethereum’s expanding treasury ecosystem reinforces the digital asset’s appeal as a long-term store of value.
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On the price front, Ethereum recently traded just above the $2,560 mark, exhibiting modest gains but no dramatic breakout as of early July.
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Since mid-June, ETH has remained range-bound, trading within a relatively tight corridor. But the technical setup suggests that if buying volume picks up, Ethereum could be…
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In summary, Ethereum’s EIP-7983 gas cap proposal, backed by Vitalik Buterin, marks a critical step towards improving the blockchain’s resilience and protecting it against attack…
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