Ethereum News: Here’s What To Expect After Pectra Upgrade

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As a seasoned researcher with a profound interest in blockchain technology and its evolution, I find myself eagerly anticipating the Ethereum Fusaka upgrade scheduled for 2025. Having closely followed the developments within the Ethereum ecosystem, I am well aware of the tireless efforts by developers to ensure the network’s scalability and sustainability.

During its developmental phase, Ethereum’s protocol is scheduled for a significant overhaul named Pectra, expected in Q1 2025. Over an extended period, developers have been refining this update, incorporating and discarding EIPs as they assess functionality. However, the question on everyone’s mind is: What follows after the implementation of Pectra? Enter Fusaka, the next upgrade on the horizon.

Ethereum Fusaka Upgrade: The Pectra Enhancer

Due to several factors, certain improvements intended for Pectra’s update had to be postponed. However, some of these Enhancement Proposals (EIPs) will instead be incorporated into the Fusaka upgrade. It’s noteworthy that the forthcoming advancements are expected to bolster Ethereum and its related Layer-2 solutions in maintaining their momentum within the Decentralized Finance (DeFi) sector.

As reported by Christine Kim, Vice President at Galaxy Research and a key figure in Ethereum development, the details regarding Fusaka’s full extent are still under development. Consequently, predicting an exact launch timeline becomes more challenging.

Instead, she highlighted that the developers will concentrate on the initial 12 modifications from the original Pectra EIPs for Fusaka. These amendments are categorized as EOF Code adjustments and PeerDAS. Upon Pectra’s launch, developers may now assess which changes should be deployed with Fusaka and potentially discard others.

Among the significant Ethereum updates planned for Fusaka is EIP 7549. This proposal aims to enhance the main chain’s scalability by leveraging Layer-2 rollups. As outlined in a Galaxy Research note from October, this enhancement will introduce a new networking protocol to boost blob capacity without altering the computational workload on nodes.

Among the other significant Ethereum Improvement Proposals (EIPs) that will complement the deployment of Fusaka, we have EIP 3670 which focuses on “Verifying Code” and EIP 4750 designed to “Improve Functionalities.

Significantly, Fusaka could potentially include more than twelve Essential Improvement Proposals (EIPs). The decision on this matter will be made by the core developers once the update is fully under consideration.

The ETH Price Undertone

In the expanding competitive landscape of Decentralized Finance (DeFi), Ethereum Layer 2 solutions are reaping significant benefits. Yet, it’s not just these systems that could benefit from an upgrade; the price of Ethereum might also require this enhancement to fuel a fresh surge in its value. Essential fundamental changes could serve as the catalyst needed to ignite another rally in the coin’s market valuation.

Over the last few weeks, I’ve seen a significant drop in the value of my Ethereum investment, dipping it under the $4,000 threshold.

In my current study, as I type this, Ethereum (ETH) is being traded at approximately $3,479.25, representing an increase of 1.09% over the past 24 hours. The continuous upgrades in the system are expanding its functionalities, potentially fostering adoption within the Ethereum ecosystem. This rising trend could stimulate higher demand for ETH, potentially pushing its price to unprecedented levels.

Apart from Pectra and Fusaka, Ethereum developers are also considering an upgrade to the Beam Chain consensus layer. Lately, there seems to be a lack of news or updates about this potential improvement.

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2024-12-25 01:00