Ethereum
Ethereum Development Roadmap – Here’s What’s Next for the Network
- Ethereum developers discussed future updates during a recent call.
- As ETH has stabilized after a brief period of depreciation, ETH trading volume has declined.
Ethereum [ETH] has seen a massive surge in interest over the past few days due to the announcement of the approval of its cash ETF. However, unaffected by the hype surrounding the ETF approval, Ethereum developers carried on business as usual.
During the last ACDC (All Core Developers Execution Call), several development updates regarding the future of the Ethereum network were discussed.
What’s new?
A proposal to improve the execution API by incorporating “feedback data” into transaction receipts sparked discussion, but no consensus was reached. Developers will continue this conversation on GitHub in the future. In simpler terms, someone has proposed a way to improve the way developers get information about transactions on Ethereum, but no decision has yet been made on whether or how to do it. do exactly.
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Separately, concerns have been raised regarding the default minimum priority tipping requirement implemented in Geth. While some believe this results in empty blocks, others claim it promotes good block construction. Simply put, there has been disagreement over a setting in the Geth client that affects how transactions are prioritized.
Developers are currently testing different changes in a separate testing ground called Pectra Devnet. Some planned features have been replaced, with EIP 7702 replacing EIP 3074 in the next phase of testing.
Additionally, there was a big discussion about what exactly to include in the final Pectra upgrade. Some developers want to delay EOF functionality and potentially split the upgrade into parts. For context, EOF (EVM Object Format) is a proposed upgrade to Ethereum’s smart contract engine, providing better organization and potentially faster execution. However, its complexity sparks debate about when to include it.
Essentially, Ethereum users can expect smoother development experiences and potentially faster transactions with these updates, but the delays are likely due to ongoing debates over how best to implement them .
How is ETH doing?
At press time, ETH was trading at $3,754, up just 0.38% in the last 24 hours. The volume at which ETH was trading, however, decreased significantly by 56.74%.
As ETF hype grows, the price of ETH is expected to rise. Alas, it remains to be seen whether the Pectra upgrade will add wind to ETH’s momentum going forward or cause unexpected volatility.
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Source: Santiment