Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
coinpedia 2025-02-04 08:24:29

Ethereum’s Pectra Upgrade Set to Boost Layer 2 Capacity, ETH Price Jump By 10%

Ethereum’s Pectra Upgrade Set to Boost Layer 2 Capacity, ETH Price Jump By 10%

The post Ethereum’s Pectra Upgrade Set to Boost Layer 2 Capacity, ETH Price Jump By 10% appeared first on Coinpedia Fintech News Ethereum, one of the leading blockchain networks, is gearing up for its next big upgrade, Pectra, scheduled to launch in March. In a recent tweet post Co-founder Vitalik Buterin recently shared exciting details about this update, highlighting a key change that could significantly boost the network’s efficiency. Meanwhile, Ethereum ETH price recovered from its recent drop & now trading around $2711 reflecting a rise of 10% in day. Ethereum’s Pectra Upgrade Layer 2 solutions , which help Ethereum handle more transactions at lower costs, rely on “blobs” – temporary data storage units. By doubling the blob target from 3 to 6, Ethereum will be able to process more transactions smoothly, reducing congestion and fees. Pectra, expected in March, will increase the blob target from 3 to 6, doubling the capacity of L2s. IMO we should make the blob target also staker-voted, so that it can increase in respose to technology improvements without waiting for hard forks. — vitalik.eth (@VitalikButerin) February 4, 2025 This is a big win for decentralized finance (DeFi) platforms, gaming applications, and other services built on Ethereum, as it makes the network more scalable and user-friendly. Flexible Network Upgrades Alongside this upgrade, Buterin also proposed a fresh idea to improve how Ethereum handles future upgrades. Instead of relying on traditional hard forks, which require broad consensus and take time to implement, he suggested letting Ethereum stakers vote on blob capacity changes. This approach would make the network more flexible, allowing it to adapt quickly to new technological advancements. It also aligns with Ethereum’s vision of decentralization, giving validators a stronger voice in shaping the network’s future. Debates Over Gas Limit Increase The Pectra upgrade comes at a time when the Ethereum community is actively discussing other improvements, such as increasing the gas limit. According to Gaslimit.pics , a platform tracking validator sentiment, 52% of validators support raising the gas limit. While some believe this could lower transaction fees, others worry about potential risks to network stability. ETH Price Surges Meanwhile, Ethereum’s price has been making headlines too. After a recent market dip, ETH surged from 2,300 to over 2,900 in less than 24 hours, partly fueled by news around U.S. President Donald Trump holds tariff plans. Adding to the buzz, Eric Trump tweeted bullish sentiments about Ethereum, calling it a “great time to add $ETH.” His comments sparked curiosity, though it remains unclear whether he was addressing individual investors or making a broader statement.

Most Read News



Cryptohopper
Market Cap
24h Vol
60.37%
Bitcoin Share
602
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.