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š Ethereum News: Pectra Upgrade Paves the Way for Fusaka
Ethereum is all set for a game-changing year! With the Pectra upgrade launching in Q1 2025, and the highly anticipated Fusaka milestone following close behind, the DeFi world is in for a treat. Letās break it down:
š„ Whatās New with Pectra?
The Pectra upgrade is packed with exciting changes:
š° Bigger Staking Limits: Stake up to 2048 ETH (up from 32 ETH) with EIP-7251āa massive boost for stakers!
ā” Faster Validator Onboarding: Say goodbye to waiting hours; with EIP-6110, onboarding happens in minutes.
š ļø Layer-2 Rollup Enhancements: Better scalability and lower costs to keep Ethereum ahead in the DeFi race.
ETH price update: Itās currently at $3,440 (š down 1.24% in the last 24 hours). But with these upgrades, a price rebound might be around the corner!
š Why Fusaka Is the Next Big Thing
Once Pectra is live, Ethereum will focus on Fusaka, bringing even more to the table:
š EIP-7549: Supercharges scalability without stressing nodes.
ā EIP-3670: Improved code validation for better performance.
āļø EIP-4750: Adds new functionalities to Ethereumās core.
š£ļø Christine Kim (VP of Galaxy Research) says Fusaka will build on Pectraās 12 initial EIPs, paving the way for stronger, more versatile solutions.
š Pectraās Staking Model Upgrades
š Auto-Compounding Rewards: New validator type (0x02) allows efficient staking growth.
āļø Reduced Slashing Penalties: Fairer rulesāpenalties drop from 1/32 to 1/4096.
š” Greater Control for Stakers: With EIP-7002, withdrawals are easier and independent of service providers.
š Whatās Next? Beam Chain Awaits
The journey doesnāt stop here! Ethereum is already planning the Beam Chain consensus layer upgradeādetails are under wraps, but itās clear the evolution continues.
With Pectra and Fusaka, Ethereum is poised to redefine t
he DeFi landscape. š Stay tuned for more!
$ETH
#ETH #pectra #DeFi: #CryptoNewss
š„ Whatās New with Pectra?
The Pectra upgrade is packed with exciting changes:
š° Bigger Staking Limits: Stake up to 2048 ETH (up from 32 ETH) with EIP-7251āa massive boost for stakers!
ā” Faster Validator Onboarding: Say goodbye to waiting hours; with EIP-6110, onboarding happens in minutes.
š ļø Layer-2 Rollup Enhancements: Better scalability and lower costs to keep Ethereum ahead in the DeFi race.
ETH price update: Itās currently at $3,440 (š down 1.24% in the last 24 hours). But with these upgrades, a price rebound might be around the corner!
š Why Fusaka Is the Next Big Thing
Once Pectra is live, Ethereum will focus on Fusaka, bringing even more to the table:
š EIP-7549: Supercharges scalability without stressing nodes.
ā EIP-3670: Improved code validation for better performance.
āļø EIP-4750: Adds new functionalities to Ethereumās core.
š£ļø Christine Kim (VP of Galaxy Research) says Fusaka will build on Pectraās 12 initial EIPs, paving the way for stronger, more versatile solutions.
š Pectraās Staking Model Upgrades
š Auto-Compounding Rewards: New validator type (0x02) allows efficient staking growth.
āļø Reduced Slashing Penalties: Fairer rulesāpenalties drop from 1/32 to 1/4096.
š” Greater Control for Stakers: With EIP-7002, withdrawals are easier and independent of service providers.
š Whatās Next? Beam Chain Awaits
The journey doesnāt stop here! Ethereum is already planning the Beam Chain consensus layer upgradeādetails are under wraps, but itās clear the evolution continues.
With Pectra and Fusaka, Ethereum is poised to redefine t
he DeFi landscape. š Stay tuned for more!
$ETH
#ETH #pectra #DeFi: #CryptoNewss
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(Continued from above)
Pectra will introduce several major changes:
1. Make Ethereum account addresses more programmable
2. Increase the maximum stake for ETH validators from 32 to 2048 ETH
By making Ethereum account addresses more programmable, Pectra will bring significant on-chain user experience improvements. For example, it will support sending transactions in batches, develop the walletās social recovery feature, and allow dApps to pay users for their gas fees. Experience upgrades are what cryptocurrencies need to achieve mass adoption.
#pectra
Pectra will introduce several major changes:
1. Make Ethereum account addresses more programmable
2. Increase the maximum stake for ETH validators from 32 to 2048 ETH
By making Ethereum account addresses more programmable, Pectra will bring significant on-chain user experience improvements. For example, it will support sending transactions in batches, develop the walletās social recovery feature, and allow dApps to pay users for their gas fees. Experience upgrades are what cryptocurrencies need to achieve mass adoption.
#pectra
Ethereum's upcoming Pectra upgrade is now scheduled for release by the end of Q1 2025, according to recent updates from Ethereum developers.
Pectra is the next major milestone on Ethereum's development roadmap, following the successful deployment of the Dencun upgrade in March.
#Ethereum #ETHETFsApproved #ETH #EarnFreeCrypto2024 #pectra
Pectra is the next major milestone on Ethereum's development roadmap, following the successful deployment of the Dencun upgrade in March.
#Ethereum #ETHETFsApproved #ETH #EarnFreeCrypto2024 #pectra
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Speculations on the current round of bull market in the cryptocurrency circle š Lao Baiās cryptocurrency circle diary, issue 17 When will the Bitcoin bull market start? Cryptocurrency circle narrative review
#ęÆē¹åøēåø #åŗåé¾č¶ čÆ #仄å¤Ŗååēŗ§ #pectra #åäŗ #Ethereum(ETH) #Cryptošš #web3åØę #Toncoin #Bitcoinā #solana
#ęÆē¹åøēåø #åŗåé¾č¶ čÆ #仄å¤Ŗååēŗ§ #pectra #åäŗ #Ethereum(ETH) #Cryptošš #web3åØę #Toncoin #Bitcoinā #solana
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Important information about the upcoming Ethereum network upgrade: Pectra
1. Introduction to the Pectra Upgrade for the Ethereum Network
The Ethereum network is one of the most important and largest blockchain networks in the world of digital currencies, as it introduced the concept of smart contracts and decentralized applications (dApps). With the increasing number of users, Ethereum faces performance challenges, which prompted developers to make periodic updates to improve the user experience and increase the efficiency of the network.
The Ethereum network is one of the most important and largest blockchain networks in the world of digital currencies, as it introduced the concept of smart contracts and decentralized applications (dApps). With the increasing number of users, Ethereum faces performance challenges, which prompted developers to make periodic updates to improve the user experience and increase the efficiency of the network.
āļø The #Ethereum developers intend to roll out the Pectra upgrade within the previously announced timeframe and without delay - in the first quarter of 2025.
Besides the already mentioned improvements like lost key recovery, the upgrade will include about 11 different EIPs aimed at optimizing the EVM. For validators, they will also raise the staking limit from the current 32 $ETH to 2048 #ETHš„š„š„š„
#Ethereum #pectra
Besides the already mentioned improvements like lost key recovery, the upgrade will include about 11 different EIPs aimed at optimizing the EVM. For validators, they will also raise the staking limit from the current 32 $ETH to 2048 #ETHš„š„š„š„
#Ethereum #pectra
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Ethereum's next upgrade - Pectra! Will integrate EIP-3074 to enhance user support!
After successfully completing the Dencun upgrade, the Ethereum team is planning to launch a new upgrade, "Pectra". This upgrade combines the two major upgrades of "Prague" on the execution layer and "Electra" on the consensus layer, aiming to comprehensively improve the performance of Ethereum.
In addition to these upgrades, Ethereum also plans to launch "Verkle trees" in the future to better manage node data storage. The Pectra upgrade is targeted to be completed by the end of 2024 or early 2025.
Ethereum's Pectra upgrade is a major technological leap. It covers improvements at multiple levels of the blockchain, the most important of which is the EIP-3074 proposal, which will make the experience of using Ethereum wallets better. This proposal allows users to batch transactions and simplify the signature process, making transactions more convenient.
In addition to these upgrades, Ethereum also plans to launch "Verkle trees" in the future to better manage node data storage. The Pectra upgrade is targeted to be completed by the end of 2024 or early 2025.
Ethereum's Pectra upgrade is a major technological leap. It covers improvements at multiple levels of the blockchain, the most important of which is the EIP-3074 proposal, which will make the experience of using Ethereum wallets better. This proposal allows users to batch transactions and simplify the signature process, making transactions more convenient.
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š Ethereum Big Upgrade: Pectra Phased Strategy is Coming! š
Good news from the latest consensus layer meeting! The much-anticipated "Pectra" upgrade will be implemented in phases, which means we will see a smoother and safer network upgrade process!
Developers are concerned that a one-time big upgrade may bring technical problems and vulnerability risks, so they decided to divide the Pectra upgrade into several small steps. The advantage of this is that we can reduce the possibility of network interruptions and ensure that everything is under control.
The first phase of Pectra is scheduled to launch in early 2025 and will bring eight important Ethereum Improvement Proposals (EIPs). For example, EIP-7702 aims to improve the user experience of digital wallets. These improvements will focus on improving network efficiency and user experience to ensure that we can move forward steadily.
The second phase is more ambitious and will make deeper upgrades to Ethereum's infrastructure. This may include updates to the Ethereum Virtual Machine (EVM) and the introduction of PeerDAS features designed to improve data availability sampling. This is good news for supporting layer 2 blockchains, as they rely on Ethereum to improve scalability and functionality.
By implementing Pectra in phases, developers can focus on delivering the most critical changes first while ensuring that more complex updates receive adequate attention and testing. This approach helps maintain the pace of innovation in Ethereum while ensuring that the stability of the network is not compromised.
š¬ What do you think of the phased implementation of the Pectra upgrade? What aspects of the Pectra upgrade are you most looking forward to and addressing?
#仄å¤Ŗååēŗ§ #Pectra #å åÆ蓧åøę°é» #pectra
Good news from the latest consensus layer meeting! The much-anticipated "Pectra" upgrade will be implemented in phases, which means we will see a smoother and safer network upgrade process!
Developers are concerned that a one-time big upgrade may bring technical problems and vulnerability risks, so they decided to divide the Pectra upgrade into several small steps. The advantage of this is that we can reduce the possibility of network interruptions and ensure that everything is under control.
The first phase of Pectra is scheduled to launch in early 2025 and will bring eight important Ethereum Improvement Proposals (EIPs). For example, EIP-7702 aims to improve the user experience of digital wallets. These improvements will focus on improving network efficiency and user experience to ensure that we can move forward steadily.
The second phase is more ambitious and will make deeper upgrades to Ethereum's infrastructure. This may include updates to the Ethereum Virtual Machine (EVM) and the introduction of PeerDAS features designed to improve data availability sampling. This is good news for supporting layer 2 blockchains, as they rely on Ethereum to improve scalability and functionality.
By implementing Pectra in phases, developers can focus on delivering the most critical changes first while ensuring that more complex updates receive adequate attention and testing. This approach helps maintain the pace of innovation in Ethereum while ensuring that the stability of the network is not compromised.
š¬ What do you think of the phased implementation of the Pectra upgrade? What aspects of the Pectra upgrade are you most looking forward to and addressing?
#仄å¤Ŗååēŗ§ #Pectra #å åÆ蓧åøę°é» #pectra
Daily CRYPTO NEWS recapšš„- 17.06.2024
ā¢Upcoming Ethereum upgrade - PECTRA, what are the risks?
The Ethereum Prague-Electra (Pectra) upgrade is expected to enable normal crypto wallets to function like smart contracts, increase the amount of minimal $ETH required to be a validator from 32 to 2048 tokens, and improve the security of Ethereum Virtual Machines (EVMs). While these changes are generally beneficial, they come with certain risks. The new staking requirements may expose staked assets to downtime or slashing risks and could potentially decrease decentralization.
ā¢Stablecoins expected to help the USA compete with China
US dollar-backed stablecoins (like $USDC ) are considered one of the solutions to the impending but avoidable debt crisis. āThere would be an immediate, durable increase in demand for U.S. debt, which would reduce the risk of a failed debt auction and an attendant crisis,ā said Ryan, who now serves as a policy council member at cryptocurrency-focused venture capital firm Paradigm. This demand could significantly strengthen the US dollar and restore its dominance in the international market.
ā¢Why watching $BTC whales is useless?
Tracking the wallets of whales (holders with significant amounts of cryptocurrency) is a popular trading tactic to analyze market sentiment and trends. While whales can influence the market, their movements can be interpreted in various ways, so the data never provides a definitive indication. For example, if a massive holder becomes active, some traders might see this as a reason for a pullback, assuming the whale intends to sell their holdings. However, it could also mean that the whale wants to buy even more tokens, and this assumption is equally uncertain. That means opening "short" or "long" trades is like a gambling...
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #pectra #WhalesBuying #StablecoinDebate
ā¢Upcoming Ethereum upgrade - PECTRA, what are the risks?
The Ethereum Prague-Electra (Pectra) upgrade is expected to enable normal crypto wallets to function like smart contracts, increase the amount of minimal $ETH required to be a validator from 32 to 2048 tokens, and improve the security of Ethereum Virtual Machines (EVMs). While these changes are generally beneficial, they come with certain risks. The new staking requirements may expose staked assets to downtime or slashing risks and could potentially decrease decentralization.
ā¢Stablecoins expected to help the USA compete with China
US dollar-backed stablecoins (like $USDC ) are considered one of the solutions to the impending but avoidable debt crisis. āThere would be an immediate, durable increase in demand for U.S. debt, which would reduce the risk of a failed debt auction and an attendant crisis,ā said Ryan, who now serves as a policy council member at cryptocurrency-focused venture capital firm Paradigm. This demand could significantly strengthen the US dollar and restore its dominance in the international market.
ā¢Why watching $BTC whales is useless?
Tracking the wallets of whales (holders with significant amounts of cryptocurrency) is a popular trading tactic to analyze market sentiment and trends. While whales can influence the market, their movements can be interpreted in various ways, so the data never provides a definitive indication. For example, if a massive holder becomes active, some traders might see this as a reason for a pullback, assuming the whale intends to sell their holdings. However, it could also mean that the whale wants to buy even more tokens, and this assumption is equally uncertain. That means opening "short" or "long" trades is like a gambling...
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #pectra #WhalesBuying #StablecoinDebate