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Ethereum Fusaka Upgrade: The Pectra Enhancer
Amid its evolutionary journey, the Ethereum protocol is set to undergo another major upgrade dubbed Pectra in the first quarter of 2025. For a long time, developers have worked on this upgrade, adding and removing EIPs amid functionality review. However, many wondered what comes next after the coming Pectra upgrade. Here is where the Fusaka upgrade comes in.
Ethereum Fusaka Upgrade: The Pectra Enhancer
For various reasons, developers had to drop some improvements initially designated for inclusion in Pectra upgrade. Some of these EIPs will now be part of the Fusaka upgrade. It is worth noting that the anticipated enhancements will help Ethereum and its associated Layer-2 solutions sustain their Decentralized Finance (DeFi) growth traction.
The scope of Fusaka
According to Galaxy Research Vice President and core Ethereum developer Christine Kim, stakeholders have not yet completed the scope of Fusaka as of now. This makes estimating the timeline for its launch fairly harder. However, she noted that developers will focus on the original 12 code changes in the original Pectra EIPs for Fusaka. These changes are subdivided into EOF Code changes and PeerDAS. When Pectra goes live, developers may now focus on what changes need to go live with Fusaka and which might have to drop.
Key EIPs in Fusaka
One of the major Ethereum Improvement Proposals (EIPs) billed for Fusaka is EIP 7549. This EIP will help improve the main chain’s ability to scale through Layer-2 rollups. According to a Galaxy Research note from October, this improvement will "implement a new networking protocol to increase blob capacity while keeping the computational load on nodes unchanged."
Other major EIPs that will accompany Fusaka include EIP 3670 for "Code Validation" and EIP 4750 to enhance "Functions."
The ETH Price Undertone
Amid the growing competition in the broader DeFi ecosystem, Ethereum L2s remains one of the biggest beneficiaries. However, Ethereum price might also need this upgrade as key fundamental updates might be the missing ingredient to trigger a new run in the coin’s spot valuation. Notably, ETH price suffered a major drawdown that pushed it below the $4,000 mark over the past few weeks.
Conclusion
In conclusion, the Ethereum Fusaka upgrade is an essential step towards improving the scalability and functionality of the Ethereum network. With the addition of new EIPs, the Fusaka upgrade is expected to further solidify Ethereum’s position as a leader in the DeFi space. As the market continues to evolve, it will be interesting to see how the Fusaka upgrade impacts the price of ETH.
FAQs
Q: What is the Fusaka upgrade?
A: The Fusaka upgrade is the next major upgrade to the Ethereum protocol, expected to take place in the first quarter of 2025.
Q: What is the scope of Fusaka?
A: The scope of Fusaka has not yet been completed, but it is expected to include 12 code changes in the original Pectra EIPs.
Q: What are the key EIPs in Fusaka?
A: Key EIPs in Fusaka include EIP 7549 for improving Layer-2 rollups, EIP 3670 for "Code Validation," and EIP 4750 for enhancing "Functions."
Q: How will the Fusaka upgrade impact the price of ETH?
A: The Fusaka upgrade is expected to further solidify Ethereum’s position in the DeFi space, potentially leading to a new run in the coin’s spot valuation.
