Etreum Blockchain is a name in the Cryptocurrency Market to support the Web3, Dapps and the Defi sector for a long time. But for some time, Etreum Blockchain has been facing problems like slow transaction speed, high gas fees and low scalability. Due to Eth value Also has come down continuously for the last few months. To solve these problems, Etreum is bringing its new major upgrade Pectra, which will be live at around 3 pm today according to Indian standard time.
The initial is 12 minutes, important for this
Pectra Improve is a hard fork upgrade, a hard fork upgrade on a blockchain is the same as changing parts of an aeroplane in the middle flight. Although this is the 16th upgrade to Etreum Blockchain and all the 15 upgrade have been successful, but still there is a risk in such complex process. In any hard fork upgrade, the first 1 to 2 epoches are like the Danger Zone, in which there is a risk of going to the new block on another fork or on the chain. EPOCH is the time that a validator committee finds it to validate the new block, in the case of Ethereum, this time is about 6 minutes. In such a situation, the initial 12 minutes become very important for this upgrade.
What can be affected on Ethereum Value?
The previous few upgrade such as Merge, Shapella and Dencun had benefited Ethereum only in the short term. But Pectra will try to bring many major changes to the improvement and solve its major problems. If it is successful, then the negative market for Ethereum can positive, which is likely to increase its price.
If you look at the long-term approach, Pectra Improve will not only bring technical changes, but its direct effect can also be seen on the demand and supply of Etreum.
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Demand side: Due to easy UX and multi-token gas payment, new users, developers can come on Etreum, which is also likely to increase its transaction volume. Which will increase its price in the long term.
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Supply Side: As the network activity increases, the Eth Burning Price will also increase. Currently, the burn rate of Ethereum is less than 100, which was 2,000–4,000 eth per day in 2024. Some part of the fees paid for transaction on Ethereum is burnt, thus grown up Transaction The burning rate will increase, which can reduce its supply. As a result, an increase in Eth Coin Value can also be seen.
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Fusaka: Story ahead of Pectra
The next Major upgrade of Ethereum after Pectra is the possibility of coming in late 2025. If the effect of Pectra is positive, Fusaka can take this momentum even further.
Conclusion
Ethereum’s pectra improvement can be a major moment for technology as well as investment. If this upgrade is found to be solved by the gas fees and staking problem of Ethereum, it can set a new trend for Ethereum.
Also read:Crypto market caught speed after Operation Sindoor
