I am bullish on Ether 2025! Screw all those re-posted clickbait articles 😂
First, lets take a look at the latest Ethereum DENCUN upgrade which was a huge success! Dencun upgrade was released in March of 2024. Let's look at the key features of the upgrade:
- Verkle Trees: Introduced to reduce the amount of data validators need to store, improving network efficiency.
- Optimistic Rollups: Enhanced Layer 2 scaling solutions for better transaction throughput.
- Proposer/Builder Separation (PBS): Aimed at improving the security and decentralization of the network.
- Stateless Clients: Enabled nodes to operate without needing to store the entire blockchain state, making it easier for users to run nodes.
Dencun had a HUGE impact on scalability, security, and decentralization! Both performance and user experience was improved and it set the foundations for the upcoming Pectra upgrade (more on the later).
Moreover, Dencun introduced Proto-Danksharding (EIP-4844) which significantly reduced transaction fees for Layer 2 solutions. Rollup providers like Arbitrum and Optimism have reported a noticeable decrease in fees, making transactions more affordable for users! Also, ephemeral data blobs had a huge impact which allow rollup providers to store data more cost-effectively. This has reduced the burden on network nodes and optimized overall performance. The upgrade has enhanced Ethereum's scalability by allowing Layer 2 solutions to handle more transactions off-chain. This has led to a smoother user experience and increased capacity for handling more users. The upgrade has maintained the security and decentralization of the network. Node operators and stakers have successfully upgraded their software to support the new changes, ensuring a stable and secure network.
Dencun upgrade has been a success, addressing key issues such as scalability, transaction fees, and network efficiency.
Now, Dencun was released Q1 2024, but what can we expect for 2025 and why be bullish? Well, let's talk about the next Pectra upgrade! Unfortunately, we don't have a release date yet, but it is expected "early 2025" which I'm hoping is Q1 2025 based on historical upgrades!
Pectra upgrade key features:
- Account Abstraction: Allows users to batch transactions and pay fees in any ERC-20 token.
- Blob Expansion: Enhances data availability capacity and reduces fees for Layer 2 networks.
- Zero-Knowledge Proof Upgrade: Improves privacy and scalability.
- Staking Upgrade: Increases the maximum balance for validators from 32 ETH to 2,048 ETH.
Pectra upgrade will focus on scalability, security, and user experience which is always a major interest for everyone involved in Ethereum improvements!
Bullish on Ethereum 2025 LFG 🌒🚀💎🍩
Who else is excited for the next Ethereum upgrade?
