Urgent: Vitalik Buterin explains the details of the upcoming Ethereum upgrades:
Pectra, Verkle Trees, and Glamsterdam aimed at enhancing user experience (UX) and scalability.
Source: @cointelegraph
Key implications of these upgrades:
1. Pectra:
A technical update to improve transaction processing and reduce fees.
It is expected to enhance network efficiency without compromising security.
2. Verkle Trees:
An advanced alternative to Merkle Trees.
Allows for faster and more resource-efficient data verification.
A crucial step towards making Ethereum lighter and more suitable for low-end devices.
3. Glamsterdam:
Improvements in user experience and wallet interaction with the network.
Focuses on making Ethereum usage smoother and more intuitive.
Expected impact:
Scalability: Performance improvements to attract more applications and users.
Increased institutional adoption: Especially with lower gas fees and enhanced user experience.
Support for the growth of the DeFi and NFTs ecosystem.
