Regarding Ethereum's upcoming major technical update announcement, Vitalik Buterin recently had to clear up some misunderstandings.

There was a misinformation in a tweet that Ethereum's M31 binary statelayer is moving from 16 to 32 bits.

Buterin clarified this by saying that it is indeed moving from 64-bit to 32-bit. This is a significant change that can significantly speed up the proofing process on the network, resulting in better performance.

Part of Ethereum's effort to improve network efficiency is this update: Developers can now write STARK proof-of-work code in Python that runs on GPUs using the zorch library.

Ethereum has struggled despite these technological advances. Ethereum's market performance has been dismal over the past few months.

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By 2024, Ethereum's real-world use cases have dwindled and its price has plummeted.

The fate of Ethereum, the second-largest cryptocurrency, is in doubt, especially after its disastrous performance following the launch of its ETF.

The value of Ethereum has been falling throughout the year, indicating a lack of demand or real use.

Networks will become more scalable and efficient thanks to technical advances, but they must also lead to practical applications and market recovery.

In short, Ethereum is making technical progress but there are still many hurdles to overcome. The community believes that these updates will contribute to the development of a stronger network.

But the real test will be to see whether these advances lead to useful applications and a market recovery.

As Ethereum attempts to overcome these challenges and regain its place in the cryptocurrency market, the coming months will be truly crucial.

Source: https://tintucbitcoin.com/vitalik-buterin-giai-tich-ve-ban-cap-nhat-lon-cua-ethereum/

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