Ethereum Upgrades Have Failed to Boost Network Activity in Meaningful Way: JPMorgan
Neither the number of transactions nor active addresses has increased significantly following recent network upgrades, the report said.
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Neither the number of transactions nor active addresses has increased significantly following recent network upgrades, the report said.
Buterin’s roadmap aims to keep Layer 1 decentralized, ensure Layer 2s inherit Ethereum’s core values, and enhance seamless interoperability across chains.
Ethereum’s recent Dencun upgrade, which was designed to reduce fees and help scale the network, has caused ether {{ETH}} to revert back to an inflationary asset — potentially reversing one of the key benefits of last year’s Merge.
Ethereum fees for “blobs” – the blockchain’s new dedicated class of cheaper data storage – spiked Wednesday after a project called Ethscriptions created a new way of inscribing data, known as “blobscriptions.”
The latest price moves in bitcoin (BTC) and crypto markets in context for March 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Some developers think that shifting the Ethereum ecosystem further towards layer 2 networks could risk setting it down the wrong path.
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as “proto-danksharding,” which gives room for a dedicated space that is separate from regular transactions, and at a lower cost.
Bitcoin has already climbed to new all-time high while ether is lagging, but previous market cycles suggest change is coming.
The upgrade is the first step toward enabling the network’s rollup-centric roadmap, the report said.
The timing for the long-awaited Dencun upgrade, with its much-touted “proto-danksharding” feature, was announced Thursday on a call with top developers for the Ethereum blockchain.