Aave co-founder, Stani Kulechov, has made an intriguing prediction about the development of Ethereum (ETH) in the coming years, particularly with the Pectra upgrade expected to launch in Q1 2025. Here are the highlights from this prediction:
Impact of the Pectra upgrade
1. Improved scalability:
The Pectra upgrade will help Ethereum scale, supporting more transactions without compromising performance or increasing costs.
2. Enhanced user experience:
Externally Owned Accounts (EOAs) will function like smart contracts, allowing users to interact with dApps more easily without deep blockchain knowledge.
3. Stronger security:
EOAs after the upgrade could apply complex logic, enhancing security when interacting with decentralized applications.
Introducing the 'blob space'
• Efficient data storage:
The blob space will reshape how Ethereum processes data at the consensus layer, optimizing storage costs and supporting Layer 2 solutions.
• Support for Layer 2:
This improvement will increase the operational efficiency of Layer 2 networks, helping to reduce transaction fees and drive the growth of the entire ecosystem.
Expectations for Ethereum's growth
Kulechov emphasized that these changes will increase the widespread adoption of Ethereum, attracting attention from institutional investors and improving network value. However, he did not provide any specific price predictions for ETH.
With this potential, 2025 could be a remarkable year for Ethereum, especially if the upgrades have a strong impact as predicted. The cryptocurrency community and investors are watching closely!