Ethereum (ETH) News: New Ethereum Proposal Involves 16.7 Million Transaction Cap

Vitalik Buterin’s new proposal would impose a cap on Ethereum’s capacity of $16.7 million in an effort to prevent transaction bloat.

Shaurya Malwa | Modified by Parikshit Mishra Updated: Jul 7, 2025 1:17 PM Published: Jul 7, 2025 10:39 AM

A new Ethereum proposal by Vitalik Buterin and Toni Warstetter aims to impose strict limits on the amount of gas a transaction can use. The developers claim that this move could improve the stability of the network and make the blockchain more suitable for certain applications.

EIP-7983 proposes to limit individual transactions to 16,777,216 gas units (2²⁴) – a drastic change from the current system, which allows a single transaction to consume the entire gas of a block.

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