Connect with us

Hi, what are you looking for?

Daily Market SolutionDaily Market Solution

Investing

Ethereum Fusaka Upgrade Goes Live on Final Testnet Ahead of December 3 Mainnet Launch

The post Ethereum Fusaka Upgrade Goes Live on Final Testnet Ahead of December 3 Mainnet Launch appeared first on Coinpedia Fintech News

Ethereum is gearing up for one of its biggest upgrades yet, the Fusaka fork, which has now gone live on its final testnet, Hoodi. This marks the last testing phase before the official mainnet launch scheduled for December 3, promising faster transactions, better security, and a smoother experience for users and developers.

A Smooth Final Test Before the Big Day

The Ethereum community celebrated another successful milestone this week as the developer team Nethermind confirmed that the Fusaka upgrade went live without any major issues. The test ensures the system is ready for the full rollout, keeping Ethereum on track for its year-end upgrade.

This latest step shows how much effort the Ethereum Foundation and its partners are putting into making the network more efficient and secure while preparing it for the next generation of decentralized applications.

What Fusaka Will Bring

The Fusaka update introduces several new features known as Ethereum Improvement Proposals (EIPs) that aim to make the network faster and easier to use. A major highlight is PeerDAS (EIP-7594), which allows validators to read only small parts of data instead of full chunks, making Ethereum nodes run more efficiently, especially for Layer 2 networks.

Other proposals like EIP-7825 and EIP-7935 will increase the gas limit and prepare the system for parallel execution, which means Ethereum will soon be able to process multiple smart contracts at once, a big leap for scalability.

A Three-Stage Launch Plan

The rollout of Fusaka will happen in three stages. First will be the mainnet activation, followed by an increase in data capacity (blob capacity), and finally a hard fork to expand that capacity further. Once this process is complete, Ethereum will move on to its next upgrade phase, Glamsterdam, which continues the network’s “Surge” roadmap focused on scalability improvements.

Also Read :   Henrik Zeberg Predicts Ethereum Rally Before Massive Crypto Market Crash   ,

Improving Ethereum’s Scalability Challenge

The goal of Fusaka is to make Ethereum more scalable without sacrificing its core strengths, security, and decentralization. Ethereum co-founder Vitalik Buterin has often called this the “blockchain trilemma.” While Ethereum has always been secure and decentralized, it has lagged behind faster rivals like Solana and Sui in transaction speed. Fusaka aims to fix that.

The Fusaka upgrade comes just six months after Ethereum’s Pectra update, which improved staking and wallet usability. With Fusaka nearing launch and Ether (ETH) trading strongly above $4,000, excitement is building for Ethereum’s next phase, one that could make it faster, safer, and ready for even bigger adoption in 2026.

Market Impact

After the Fusaka testnet success, Ethereum (ETH) is currently priced at $4,021.19 with a circulating supply of 120.7 million tokens. Despite being down 18.8% from its peak, Ethereum has shown massive long-term growth. The 50-day SMA at $4,229 signals short-term strength, while the 200-day SMA at $3,295 reflects long-term stability.. The upgrade shows how far Ethereum has come toward a more scalable and secure system.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

What is the Ethereum Fusaka upgrade?

The Fusaka upgrade is Ethereum’s latest update focused on faster transactions, better scalability, and improved security for developers and users.

When will the Fusaka upgrade go live on the Ethereum mainnet?

Ethereum’s Fusaka mainnet launch is scheduled for December 3, marking the start of its next phase in the network’s scalability roadmap.

How will Fusaka improve Ethereum’s performance?

Fusaka boosts speed and scalability by allowing nodes to process data more efficiently and execute multiple smart contracts at once.

What impact could the Fusaka upgrade have on Ethereum’s price?

Fusaka could strengthen Ethereum’s long-term growth by improving network efficiency, attracting more developers, and boosting market confidence.







    You May Also Like

    Editor's Pick

    Extremist supporters of former president Donald Trump are lashing out online against Usha Vance, the wife of Trump’s running mate, Sen. J.D. Vance (R-Ohio),...

    Investing

    By Anushree Mukherjee and Brijesh Patel (Reuters) -Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from...

    Investing

    Australia is home to a thriving tech sector with investment opportunities across a variety of subsectors. The tech sector contributed about AU$167 billion to...

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Disclaimer: Dailymarketsolution.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 dailymarketsolution.com