youtube image
From YouTube: PEEPanEIP #42: Block gas limit with Vitalik Buterin

Description

Topics covered
-----------------------------
1:13 - Vitalik Buterin's message to the community on 6th anniversary
2:22 - Why do limits need to be set on anything?
4:16 - Marginal social cost vs. benefit
6:00 - Important points
08:08 - How is the gas limit set?
10:00 - What are the social costs of high gas usage?
10:30 - Gas pays for three resources
12:00 - Bandwidth
14:20 - Analysis of bandwidth problem
18:14 - Which is the biggest problem?
20:35 - Computation
24:16 - Uncle rates are no longer a big deal
26:24 - Storage
30:00 - Interaction effect
31:27 - Willi increasing the gas limit break Ethereum?
33:22 - Mitigations
37:50 - Q&A
38:00 - Do we want nodes to be run on the laptop or is it okay if it can only be run on PC?
42:56 - Gas limit is decided by miners, why are there frequent changes?
45:25 - Is this a technical question or the question of value? How expensive is it to run a node? How decentralized do you want nodes to be compared to users?
49:20 - How do you go about setting the gas limit?
52:06 - Improve communication channels with miners

Resources:
-------------------
The Limits to Blockchain Scalability: https://vitalik.ca/general/2021/05/23/scaling.html
Accounts, Transactions, Gas, and Block Gas Limits in Ethereum: https://hudsonjameson.com/2017-06-27-accounts-transactions-gas-ethereum/
The History of Ethereum's Block Size & Block Gas Limit: https://blog.mycrypto.com/the-history-of-ethereums-block-size-block-gas-limit/
What’s the Maximum Ethereum Block Size?: https://ethgasstation.info/blog/ethereum-block-size/

Follow at Twitter
-----------------------------------------------
Vitalik Buterin @VitalikButerin | Micah Zoltu @MicahZoltu | William Schwab @William94029369 | Brent Allsop @Brent_Allsop | Pooja Ranjan @poojaranjan19

Check out upcoming EIPs in Peep an EIP series at https://github.com/ethereum-cat-herde...

Follow PEEPanEIP earlier episodes at https://www.youtube.com/playlist?list...

Contact Ethereum Cat Herders
---------------------------------------------------
Discord: https://discord.gg/tzYmDmF
Twitter: https://twitter.com/EthCatHerders
Medium: https://medium.com/ethereum-cat-herders
GitHub: https://github.com/ethereum-cat-herde...
Email: support@ethereumcatherders.com
Website: https://www.ethereumcatherders.com/