💯💯ETHEREUM heads towards $2,800..🚨🚨
Ethereum is entering an important development stage with the anticipated Pectra fork, set for late this year or early 2025.
This update will implement Ethereum Improvement Proposal (EIP) 7742, which introduces an Ethereum consensus layer mechanism to dynamically adjust blob gas targets and limits.
This evolution is important, because blobs, temporary pieces of data integrated into transactions, are critical to increasing efficiency and reducing costs in Layer 2 transactions.
Christine Kim, VP of Research at Galaxy Digital, reported this important inclusion after participating in Ethereum’s “All Core Developers” meeting.
According to Kim, blob capacity has now reached its limit, raising concerns about network scalability in the near future.
According to Kim's information, the increase in the number of blobs is most likely part of the Pectra update, while other adjustments such as fuel limits or slot time changes are unlikely.
As Ethereum works to achieve its vision of a more scalable ecosystem, these types of proposals are critical. Ethereum is already saturated at $2,600 and there is a possibility it will rise before the end of the year to $2,800. This is visible in the graph and this possibility has fresh potential for traders to seize the opportunity. However, you need to remember that every transaction made is your own responsibility. Be wise with your assets and keep smiling 😊.
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