Ethereum’s Pectra Upgrade Set to Boost Layer 2 Capacity, ETH Price Jump By 10%
Ethereum is one of the leading blockchain networks and is preparing for the next large -scale upgrade PECTRA for launch in March. Vitalik Buterin, the founder of the recent tweet, recently shared the exciting details about this updated, highlighting a key change, which may greatly improve the efficiency of the network. At the same time, Ethereum ETH price has recovered From the recent decline to about $ 2711, it reflects the increase of 10 % during the day.
ECTRA upgrade in Ethereum
Layer 2 solutionThis helps Ethereum to deal with more transactions at a lower cost, relying on “spots” -temporary data storage unit. By adding BLOB targets from 3 to 6, Ethereum will be able to handle more transactions smoothly, thereby reducing congestion and costs.
For decentralized finance platforms, game applications, and other services based on Ethereum, this is a great victory because it makes the network more scalability and user -friendly.
Flexible network upgrade
In addition to this upgrade, Buterin also put forward a new idea to improve how Ethereum handles future upgrades. He suggested to vote for the changes in the spot capacity of the Ethereum, instead of relying on the traditional hard fork that needs to be extensive and time to implement.
This method will make the network more flexible, so that it can quickly adapt to new technological progress. It is also consistent with the vision of Ethereum under the power of Ethereum, so that the verifier has a stronger voice in the future of shaping the network.
Increase in debate on gas restrictions
The PECTRA upgrade was carried out when the Ethereum community actively discussed other improvements, such as increasing gas restrictions.
according to Gaslimit.picsThis is a platform that tracks the emotional emotions of the verification. 52 % of the verifications support to improve gas restrictions. Although some people think that this may reduce transaction costs, others are worried about the potential risks of network stability.
ETH price surge
At the same time, the price of Ethereum is also headlines. After the recent market decline, ETH soared 2300 times to more than 2,900 more than 2,900 in less than 24 hours, partly part of the U.S. President Donald Trump.
Add buzz, Eric Trump watched the bullish mood on Twitter Regarding Ethereum, it is called “a good time to add $ ETH”. His comments caused curiosity, although he was not clear whether he was talking to his personal investors or issued a broader statement.
