dynamic
6,919 views
8 Discussing
Hot
Latest
MAJOR RECENT CRYPTO FUNDRAISING EVENTS
#andalusia #medallion #dynamic #mocaverse #tresfinance #farcana #lolli #web3mine
#andalusia #medallion #dynamic #mocaverse #tresfinance #farcana #lolli #web3mine
šš Ethereum Pectra Fork: Dynamic Blob Fee Update šš
$ETH is preparing for the #Pectra fork, scheduled for late 2024 or early 2025, which includes Ethereum Improvement Proposal (EIP) 7742.
This proposal will enable the #dynamic adjustment of #blob gas targets and maximum values to improve network scalability.
Blobs are temporary data chunks in transactions that help reduce costs for #layer2 operations.
Christine Kim from Galaxy Digital confirmed this update after the "All Core Devs" meeting, noting that the current blob capacity is nearing its limit.
An increase in blob count is likely to be part of the Pectra upgrade, although changes like gas limit adjustments are unlikely.
The dynamic adjustment of blob parameters aims to enhance transaction flexibility and alleviate potential bottlenecks.
This update aligns with Ethereum's roadmap, known as the "Surge," which targets a capacity of 100,000 transactions per second across the mainnet and layer-2 solutions.
The implementation of EIP-7742 is crucial for maintaining the network's efficiency and competitiveness in the blockchain ecosystem.
$ETH is preparing for the #Pectra fork, scheduled for late 2024 or early 2025, which includes Ethereum Improvement Proposal (EIP) 7742.
This proposal will enable the #dynamic adjustment of #blob gas targets and maximum values to improve network scalability.
Blobs are temporary data chunks in transactions that help reduce costs for #layer2 operations.
Christine Kim from Galaxy Digital confirmed this update after the "All Core Devs" meeting, noting that the current blob capacity is nearing its limit.
An increase in blob count is likely to be part of the Pectra upgrade, although changes like gas limit adjustments are unlikely.
The dynamic adjustment of blob parameters aims to enhance transaction flexibility and alleviate potential bottlenecks.
This update aligns with Ethereum's roadmap, known as the "Surge," which targets a capacity of 100,000 transactions per second across the mainnet and layer-2 solutions.
The implementation of EIP-7742 is crucial for maintaining the network's efficiency and competitiveness in the blockchain ecosystem.
Kusama ($KSM ): Pioneering Innovation in Blockchain Technology! š
Kusama is a scalable network of specialized blockchains built using Substrate, closely mirroring the codebase of Polkadot. Established in 2019 by Gavin Wood, co-founder of Ethereum and founder of Polkadot, Kusama serves as a pre-production environment for Polkadot, enabling developers to experiment and test new blockchains or applications before deploying them on Polkadot.
Key Features of Kusama:
Canary Network: Kusama operates as a canary network for Polkadot, providing a real economic environment for developers to test and innovate rapidly.
Scalability and Flexibility: Built using Substrate, Kusama offers a scalable and flexible platform for deploying parachains and experimenting with governance mechanisms.
Rapid Governance and Upgrades: Kusama features a fast-paced governance system, allowing for swift on-chain upgrades and a combined voting and enactment period of just 15 days.
Market Performance:
Kusama (KSM)
Today
$17.24
-$0.06
(-0.35%)
Recent Developments:
Parachain Deployments: Kusama has successfully launched multiple parachains, fostering a diverse ecosystem of projects and applications.
Governance Enhancements: Continuous improvements in Kusama's governance model have empowered the community with greater control over network upgrades and decisions.
Conclusion:
Kusama stands as a #dynamic and experimental network, driving innovation and providing valuable insights that contribute to the evolution of the broader Polkadot ecosystem. Its unique position as a canary network ensures that it remains at the forefront of blockchain development, offering developers and users alike a platform for rapid experimentation and growth.
Kusama is a scalable network of specialized blockchains built using Substrate, closely mirroring the codebase of Polkadot. Established in 2019 by Gavin Wood, co-founder of Ethereum and founder of Polkadot, Kusama serves as a pre-production environment for Polkadot, enabling developers to experiment and test new blockchains or applications before deploying them on Polkadot.
Key Features of Kusama:
Canary Network: Kusama operates as a canary network for Polkadot, providing a real economic environment for developers to test and innovate rapidly.
Scalability and Flexibility: Built using Substrate, Kusama offers a scalable and flexible platform for deploying parachains and experimenting with governance mechanisms.
Rapid Governance and Upgrades: Kusama features a fast-paced governance system, allowing for swift on-chain upgrades and a combined voting and enactment period of just 15 days.
Market Performance:
Kusama (KSM)
Today
$17.24
-$0.06
(-0.35%)
Recent Developments:
Parachain Deployments: Kusama has successfully launched multiple parachains, fostering a diverse ecosystem of projects and applications.
Governance Enhancements: Continuous improvements in Kusama's governance model have empowered the community with greater control over network upgrades and decisions.
Conclusion:
Kusama stands as a #dynamic and experimental network, driving innovation and providing valuable insights that contribute to the evolution of the broader Polkadot ecosystem. Its unique position as a canary network ensures that it remains at the forefront of blockchain development, offering developers and users alike a platform for rapid experimentation and growth.
Login to explore more contents