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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    PENGU token loses 20% in August amid Pudgy Party game launch

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    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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  • Guides
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    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

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    What is Cloud Mining? A Beginner’s Guide

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    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

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    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

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    What’s the Difference & Which Is Better to Trade?

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Ethereum

After Dencun, Ethereum devs set sights on Electra upgrade

February 23, 2024
in Ethereum
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After Dencun, Ethereum devs set sights on Electra upgrade
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  • Dencun and Electra upgrades shape Ethereum’s development landscape.
  • ETH’s price witnessed a minor correction, while network growth and velocity fell.

In recent weeks, Ethereum [ETH] experienced a substantial surge in its price, reflecting heightened market activity. Behind this surge was significant developments within the Ethereum network, poised to propel the growth of this cryptocurrency further.

New updates

The recent Ethereum developers’ call, ACDC #128, unveiled crucial updates set to shape the network’s future. The eagerly awaited Dencun upgrade took center stage, with all client teams (excluding lodestar) finalizing software versions.

These versions, along with the lodestar candidate client, are undergoing thorough testing on a mainnet shadow fork.

Flashbots, a key player, plans to release Dendon-ready MEV-Boost software early next week.

Notably, the Dencun mainnet activation is scheduled for 13th March, emphasizing the urgency for validator node operators to upgrade their EL, CL, and MEV-Boost software promptly.

Source: X

The impact of the Cancun upgrade is poised to be significant. With Flashbots gearing up to enhance MEV-Boost capabilities, the Ethereum network anticipates increased efficiency and security, potentially influencing market sentiment positively.

Another pivotal development on the horizon is the Electra upgrade. Developers have initiated work on Electra, encompassing EIP 6110, EIP 7002, and EIP 7549. These proposals aim to enhance validator deposits, triggerable exits in the execution layer, and reposition committee index outside attestation, respectively.

Further refinement and consideration of inclusion lists will determine their seamless integration into Electra without delaying other essential code changes.

In parallel, discussions on lowering staking rewards have emerged. As the amount of staked ETH rises, stakeholders engage in deliberations on potentially reducing ETH issuance.

See also  SEC vs Ripple - How Ethereum's case study can be used to defend XRP

This ongoing discourse is critical, as it signifies the Ethereum community’s commitment to adapt and optimize network dynamics in response to changing conditions.

How is ETH doing?

Despite these advancements, Ethereum’s price, at $2,935.49, reflects a 2.63% decline in the last 24 hours.  More notably, network growth for the ETH token has experienced a decline, signaling waning interest among new users.


Is your portfolio green? Check out the ETH Profit Calculator


A lack of interest from new addresses could severely impact the ability of ETH’s price to see green.

Moreover, the velocity of ETH being transferred also declined. The reduced velocity indicated a lower frequency of interactions around ETH, suggesting a potential decrease in overall engagement.

Source: Santiment

 

Next: Bitcoin: How long-term holders could pull down BTC’s price

READ ALSO

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K


  • Dencun and Electra upgrades shape Ethereum’s development landscape.
  • ETH’s price witnessed a minor correction, while network growth and velocity fell.

In recent weeks, Ethereum [ETH] experienced a substantial surge in its price, reflecting heightened market activity. Behind this surge was significant developments within the Ethereum network, poised to propel the growth of this cryptocurrency further.

New updates

The recent Ethereum developers’ call, ACDC #128, unveiled crucial updates set to shape the network’s future. The eagerly awaited Dencun upgrade took center stage, with all client teams (excluding lodestar) finalizing software versions.

These versions, along with the lodestar candidate client, are undergoing thorough testing on a mainnet shadow fork.

See also  Bitcoin & Ethereum - Traders, should you play this waiting game?

Flashbots, a key player, plans to release Dendon-ready MEV-Boost software early next week.

Notably, the Dencun mainnet activation is scheduled for 13th March, emphasizing the urgency for validator node operators to upgrade their EL, CL, and MEV-Boost software promptly.

Source: X

The impact of the Cancun upgrade is poised to be significant. With Flashbots gearing up to enhance MEV-Boost capabilities, the Ethereum network anticipates increased efficiency and security, potentially influencing market sentiment positively.

Another pivotal development on the horizon is the Electra upgrade. Developers have initiated work on Electra, encompassing EIP 6110, EIP 7002, and EIP 7549. These proposals aim to enhance validator deposits, triggerable exits in the execution layer, and reposition committee index outside attestation, respectively.

Further refinement and consideration of inclusion lists will determine their seamless integration into Electra without delaying other essential code changes.

In parallel, discussions on lowering staking rewards have emerged. As the amount of staked ETH rises, stakeholders engage in deliberations on potentially reducing ETH issuance.

This ongoing discourse is critical, as it signifies the Ethereum community’s commitment to adapt and optimize network dynamics in response to changing conditions.

How is ETH doing?

Despite these advancements, Ethereum’s price, at $2,935.49, reflects a 2.63% decline in the last 24 hours.  More notably, network growth for the ETH token has experienced a decline, signaling waning interest among new users.


Is your portfolio green? Check out the ETH Profit Calculator


A lack of interest from new addresses could severely impact the ability of ETH’s price to see green.

Moreover, the velocity of ETH being transferred also declined. The reduced velocity indicated a lower frequency of interactions around ETH, suggesting a potential decrease in overall engagement.

Source: Santiment

 

Next: Bitcoin: How long-term holders could pull down BTC’s price
Tags: DencunDevsElectraEthereumsetSightsUpgrade

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