Ethereum, one of the main blockchain networks, is preparing for its next big upgrade, Pectra, which should be launched in March. In a recent co-founder of Tweet Post Vitalik Buterin recently shared exciting details on this update, highlighting a key change that could considerably increase the efficiency of the network. Meanwhile, Ethereum Eth Price has recovered from its recent decline and now negotiating around $ 2,711, reflecting an increase of 10% day.
Ethereum pectra upgrade
Layer 2 solutions, which help Ethereum manage more transactions at lower costs, count on “blobs” – temporary data storage units. By doubling the Blob lens from 3 to 6, Ethereum will be able to treat more gentle transactions, reducing congestion and costs.
This is a great victory for decentralized financing platforms (DEFI), game applications and other services built on Ethereum, because it makes the network more evolving and user-friendly.
Flexible network upgrades
In addition to this upgrade, Buterin also proposed a new idea to improve the way Ethereum manages future upgrades. Instead of relying on traditional hard forks, which require a large consensus and take the time to implement, he suggested let Ethereum stakers vote on Blob capacity changes.
This approach would make the network more flexible, which allows it to quickly adapt to new technological progress. He also aligned himself with the vision of Ethereum of decentralization, giving validators a stronger voice in shaping the future of the network.
Debates on the increase in the gas limit
Pectra upgrade occurs at a time when the Ethereum community actively discusses other improvements, such as the increase in the gas limit.
According to Gaslimit.pics, a platform according to the feeling of the validator, 52% of validators support the increase in the gas limit. Although some believe that this could reduce transaction costs, others are worried about potential risks to network stability.
ETH price overvoltages
Meanwhile, the price of Ethereum also made the headlines. After a recent decrease in the market, ETH increased from 2,300 to more than 2,900 in less than 24 hours, partly fueled by news around the American president Donald Trump holds pricing plans.
Adding to the buzz, Eric Trump tweeted bullish feelings on Ethereum, calling him a “good time to add $ ETH”. His comments triggered curiosity, although it was not clear if it was addressed to individual investors or made a wider declaration.
