At today's developer conference in Japan, Ethereum co-founder Vitalik Buterin announced a significant decision: Ethereum will substantially increase the Gas limit on the L1 layer in the short term while adhering to the principles of Decentralization. This initiative is seen as one of the most critical scaling upgrades in Ethereum's history.

This decision means that the processing capacity of the Ethereum mainnet will receive a significant boost, which is expected to alleviate network congestion issues. In addition, improving interoperability and response speed between L2 layers has become a mid-term goal, which will provide users with a better experience. In the long run, Ethereum will also focus on quantum resistance and formal verification technology, laying the foundation for development over the next decade.

The increase in gas limits is not just a technical upgrade; it will directly affect on-chain transaction costs, improve user experience, and may accelerate the development of the ecosystem. The timing of this decision is also strategically significant: Bitcoin's price has broken through $117,000, and investors are looking for new investment opportunities; recent stability issues on other public chain platforms highlight the importance of decentralization; at the same time, global expectations for Ethereum ETFs are heating up, and institutional investors need more efficient underlying infrastructure.

In the short term, this news may drive up the value of Ethereum and related L2 projects. In the medium term, we may see rapid growth in ecological projects, especially in the fields of DeFi, gaming, and social applications. In the long run, this could help Ethereum shed its 'high barrier' image and attract more ordinary users to participate.

This decision undoubtedly points the way for the future development of Ethereum and provides new ideas for the development of the entire blockchain industry.