Ethereum co-founder Vitalik Buterin and researcher Michael Wahrstätter have introduced EIP-7983, a proposal to cap Ethereum transaction gas at 16.77 million. This initiative aims to mitigate the risk of denial-of-service (DoS) attacks, enhance the performance of zero-knowledge virtual machines (zkVM), and ensure a balanced gas usage across the network. The proposal is part of ongoing efforts to optimize Ethereum's scalability and security.