ETH's performance is poor, and V God is busy dating. Can we still expect it in the future?
Ethereum is undergoing a series of important upgrades and developments in 2024, which are aimed at improving the scalability, security and sustainability of its network. Although the token has not performed well, as the second largest coin, Ethereum's growth potential is still the highest outside of Bitcoin.
Ethereum Roadmap: Ethereum's roadmap is a strategic framework for its development, which aims to solve the blockchain trilemma, that is, the balance between decentralization, scalability and security. Through a series of upgrades, Ethereum attempts to overcome its inherent limitations, such as high transaction fees and slow processing speeds during congestion.
Dencun Upgrade: In 2024, Ethereum will focus on the Dencun upgrade, which is the final stage of the Ethereum 2.0 roadmap. Each upgrade contains updates to the execution layer and the consensus layer. The execution layer updates are named after the city where the DevCon conference is held, while the consensus layer updates are named after stars in alphabetical order.
Pectra Upgrade: The Pectra upgrade is an important step in Ethereum's continued evolution, demonstrating its ability to adapt and develop. This upgrade further consolidates Ethereum's leadership in the blockchain field.
The impact of Ethereum 2.0: The technical architecture of Ethereum 2.0 has sparked important discussions about contract capabilities, especially its potential in the field of decentralized finance (DeFi).
Market performance: Although Ethereum is the second largest cryptocurrency in the world by market value, its market performance in 2024 is not as good as Bitcoin, with its value falling by about 35% in the past six months.
Future outlook: Ethereum's development plan for 2024 includes a series of upgrades such as The Merge, The Surge, The Scourge, The Verge, The Purge, and The Splurge, each component targeting a specific area of improvement.
These updates not only help Ethereum solve current challenges, but also prepare for future development, ensuring that it remains competitive in the ever-changing blockchain market. So in the long run, as long as the Ethereum Foundation team continues to do things, coupled with the support of ETFs, it is only a matter of time before it rises. $ETH
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