Ethereum $3,493.3 The protocol is preparing to enter a new era in the first quarter of 2025 with the Pectra upgrade, which its developers have been working on for a long time. This upgrade aims to strengthen the technical infrastructure of the Ethereum ecosystem. However, the developers have also started working on the Fusaka upgrade, which is the next step after Pectra.
What Innovations Does the Fusaka Upgrade Bring?
Ethereum developers plan to include in Fusaka some Improvement Proposals (EIPs) that were planned to be included in Pectra but were canceled for various reasons. Galaxy Research Vice President Christine Kim stated that there is no definitive scope for the Fusaka upgrade yet and the launch schedule is therefore uncertain.
One of Fusaka’s prominent Improvement Proposals will be EIP 7549, which aims to increase the scalability of the mainchain through Layer-2 rollup technologies. This proposal aims to increase the blob capacity without increasing the computational load of Ethereum nodes. Kim stated that developers will focus on 12 main code changes in Fusaka and that these changes will especially include EOF code changes and PeerDAS subsections.
Other important offers include EIP 3670 focused on “Code Verification” and EIP 4750 prepared to improve “Functions”. Developers will decide after Pectra’s release whether new EIPs will be added to Fusaka’s scope in addition to these offerings.
Possible Effects on Ethereum Price
The market impact of Ethereum upgrades is always eagerly awaited. Pectra and Fusaka upgrades could bolster Ethereum’s value with improved functionality and increased adoption. However, in recent weeks, the ETH price has experienced a remarkable decline, falling from $ 4,000 to $ 3,479.25. The price increased by 1.09% in the last 24 hours.
Ethereum developers also continue to work on the Beam Chain consensus layer. However, there has been silence regarding this upgrade recently. It is anticipated that the successful completion of Fusaka will further strengthen Ethereum’s market position. These steps are critical for Ethereum to remain competitive in the cryptocurrency ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
