Sirwin
Sirwin

3 BULLISH ETH developments

By cryotosensei | CryptoSensei | 20 May 2024


ETH’s narrative is forever blossoming. The highly anticipated Merge was just a pit stop in its conquest towards blockchain domination. With the best and brightest minds working around the clock to sharpen ETH’s edges, ETH is consistently shaped to be bigger and better.

 

  1. Vitalik Buterin himself is spearheading EIP-7706, which comprises a novel approach to process transactions. Basically, gas types are segmented to up ETH’s scalability and stabilise transaction costs during network congestion. Should you feel daunted by the different gas metrics, fret not. The proposal sensitively includes a unified basefee adjustment mechanism across different gas types so that developers don’t have to pull their hair out when it comes to estimating gas fees.

 

  1. After the Merge comes the Purge. Aiming to reduce the load on node operators, it involves the introduction of several EIPs to make node maintenance more frictionless and manageable. Expect the launch of the EIP-6780, which limits the SELFDESTRUCT opcode, and other innovations like the removal of empty accounts, and the establishment of an 18-day blob storage window.

 

  1. A new US draft bill aimed at regulating stablecoins is expected to work out in Ethereum’s favour because it lends greater legitimacy and visibility for the norm of minting stablecoins on a public chain like ETH. Since the bill allows US banks to obtain stablecoin licenses and private companies to issue up to $10 billion in stablecoins without a license, this could catalyse the prevalent adoption of ETH!

 

https://cryptotale.org/vitalik-buterin-leads-ethereum-to-a-more-scalable-future-with-eip-7706/

 

https://dailycoinpost.com/exploring-ethereums-future-buterin-unveils-vision-for-the-purge/

 

https://bitcoinist.com/ethereum-wins-big-new-us-stablecoin-draft-bill/

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cryotosensei
cryotosensei

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CryptoSensei

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