Ethereum co-founder Vitalik Buterin and developer Toni Wahrstätter have co-authored Ethereum Improvement Proposal 7983 (EIP-7983), which sets a hard cap on gas usage per transaction at 16.77 million. The proposal aims to mitigate the risk of denial-of-service (DoS) attacks, improve zkVM compatibility, and stabilize transaction fees. This gas limit cap is part of ongoing efforts to enhance Ethereum's network security and performance. Concurrently, Ethereum's network gas limit per block has been increased from approximately 37.3 million to 45 million units, reflecting nearly 50% validator support. This increase is attributed to recent optimizations by the Geth development team, which have improved archive node performance and made scaling safer. The rise in block gas limit allows for higher throughput, enabling more transactions per block and contributing to faster and more scalable network operations. Further increases to 60 million gas units per block are anticipated. These developments coincide with Ethereum's price approaching $4,000 amid bullish momentum and network upgrades.