According to Christine Kim, an analyst at Galaxy Digital, the All Core Developers Consensus (ACDC) meeting determined that EIP-7742 will be included in the upcoming Pectra hard fork. This EIP aims to create an automated mechanism for adjusting gas allocation on the Ethereum Consensus Layer (CL) for a new transaction type known as "blobs." EIP-7742 is intended to address the issue of gas fee spikes, which can make it prohibitively expensive for users to conduct transactions on the Ethereum network. The mechanism proposed in the EIP will dynamically adjust the gas limit for blobs based on network demand, helping to stabilize gas fees and improve transaction processing efficiency. The inclusion of EIP-7742 in the Pectra hard fork is expected to bring significant benefits to the Ethereum ecosystem, potentially reducing transaction costs and congestion on the network. By introducing an automated gas fee adjustment mechanism, developers hope to enhance the scalability and usability of the Ethereum platform.

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