Could Pectra and a February Date Save Ethereum?
Ethereum is the largest cryptocurrency by market
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share after Bitcoin. It has had a poor year but could be set for restoration to its former glory with a major change. In this article, we discuss what this is and why it could save Ethereum.
Ethereum has had a torrid year. With outpourings of its ETFs and a low against Bitcoin, it has seemed even its creators may have abandoned the coin. However, Ethereum could be back on the up, with news of a Pectra upgrade. In this article, we discuss why Ethereum’s price is on its way back to the top.
Dividing the Pectra Upgrade
One of Ethereum’s main woes has been the prevalence of better, more efficient blockchains. Pectra will aim to change that by attempting to increase the efficiency and scalability of the network. Its developers are considering splitting the upgrade, with the first phase coming as early as February 2025.
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