Good morning, everyone! Today let's talk about Ethereum! $ETH will at least reach $8000 in the first quarter of 2025! Ethereum's popularity worldwide surpasses that of Bitcoin! Especially in the Singapore region, it is highly sought after! A very promising stock!
Why will there be a significant increase in the first quarter of next year! The Prague upgrade determines that Ethereum will once again stand at the top!
The Ethereum Prague upgrade is an important update to the execution layer of the Ethereum network, aimed at refining and improving multiple aspects of the Ethereum platform. The Prague upgrade is part of the Pectra upgrade, which combines the Prague upgrade and the Electra upgrade, scheduled to launch in the first quarter of 2025.
Details and impacts of the Prague upgrade
Changes to the execution layer: The Prague upgrade focuses on changes to the execution layer, involving multiple technical improvements, including precompilation for specific cryptographic operations, a new EVM object format (EOF), and modifications to smart contract functionalities. These improvements aim to enhance the overall performance and user experience of the Ethereum platform.
Application in the testnet: Before upgrading the mainnet, the Prague upgrade will undergo fine-tuning and verification in the testnet to ensure the new features operate smoothly on the mainnet. For example, the Goerli, Sepolia, and Holesky testnets have already launched or will soon launch features related to the Prague upgrade.
Other components of the Pectra upgrade
The Pectra upgrade also includes the Electra upgrade, which impacts the consensus layer.
The Pectra upgrade will follow the "Dencun" path, which is the merger of the Deneb and Cancun upgrades, aimed at reducing transaction fees for Layer 2 solutions. Additionally, the Pectra upgrade may include multiple EIPs (Ethereum Improvement Proposals), such as EIP-3074, which allows users to batch process transactions and sign in one step, and EIP-7251, which increases the staking limit for validators from 32 ETH to 2,048 ETH, lowering the difficulty for new validators to join the network.
Impact on the Ethereum ecosystem
The Prague upgrade and other components of the Pectra upgrade will collectively drive the progress of the Ethereum platform, improving its performance, security, and user experience. These improvements not only help address current technical challenges but also lay a solid foundation for future development.
Let's support Ethereum! It will definitely be the brightest star! $ETH
