Ethereums Fusaka Upgrade Testing Nears Completion: Potential Price Rebound Ahead

The testing phase for Ethereums (ETH) Fusaka upgrade is entering its final stages. With Ethereums price showing weakness recently, there is keen interest in whether this upgrade could trigger a rebound.
According to industry reports, the last test for the Fusaka upgrade will take place on the Hoodi testnet on the 28th of this month. If the final tests scheduled for the end of this month are successful, the Fusaka upgrade is set to be implemented on the Ethereum mainnet on December 3rd of this year.
Prior to this, preliminary tests for the Fusaka upgrade were conducted on the 1st and 14th of this month, both of which were reported to have been successful.
The core focus of the upgrade is scalability. The Ethereum Foundation has stated, "The Fusaka upgrade is a crucial step in Ethereums scalability roadmap," and it includes key measures to improve PeerDAS, blob throughput, Layer 1 performance, and user experience (UX). PeerDAS is a new blockchain technology developed specifically for the Fusaka upgrade.
The Fusaka upgrade aims to reduce fees by approximately 70%. Specifically, through PeerDAS, the blob throughput per block in the Ethereum Layer 2 network will be increased from the current 6 to 48, marking an eightfold increase. Blobs serve as a form of data storage, and blob throughput is considered a key indicator of Ethereums scalability. Vitalik Buterin, co-founder of Ethereum, commented, "The Fusaka upgrade is the key to Layer 2 scalability," adding that, "Since PeerDAS is an entirely new technology, the blob throughput will initially increase conservatively, but will expand gradually over time."
As the Ethereum community eagerly anticipates the outcome of the final tests, the potential impact on the price and scalability of the network remains a significant point of discussion among investors and developers alike.
According to industry reports, the last test for the Fusaka upgrade will take place on the Hoodi testnet on the 28th of this month. If the final tests scheduled for the end of this month are successful, the Fusaka upgrade is set to be implemented on the Ethereum mainnet on December 3rd of this year.
Prior to this, preliminary tests for the Fusaka upgrade were conducted on the 1st and 14th of this month, both of which were reported to have been successful.
The core focus of the upgrade is scalability. The Ethereum Foundation has stated, "The Fusaka upgrade is a crucial step in Ethereums scalability roadmap," and it includes key measures to improve PeerDAS, blob throughput, Layer 1 performance, and user experience (UX). PeerDAS is a new blockchain technology developed specifically for the Fusaka upgrade.
The Fusaka upgrade aims to reduce fees by approximately 70%. Specifically, through PeerDAS, the blob throughput per block in the Ethereum Layer 2 network will be increased from the current 6 to 48, marking an eightfold increase. Blobs serve as a form of data storage, and blob throughput is considered a key indicator of Ethereums scalability. Vitalik Buterin, co-founder of Ethereum, commented, "The Fusaka upgrade is the key to Layer 2 scalability," adding that, "Since PeerDAS is an entirely new technology, the blob throughput will initially increase conservatively, but will expand gradually over time."
As the Ethereum community eagerly anticipates the outcome of the final tests, the potential impact on the price and scalability of the network remains a significant point of discussion among investors and developers alike.
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