• Ethereum developers have finalized the scope for the Cancun upgrade, which promises to bring significant enhancements to the Ethereum network.
• The update will introduce proto-dank sharding and a code change aimed at preventing slashed validators from being selected as block proposers.
• The proposal to remove the 32 ETH cap on effective balances for validators further strengthens Ethereum’s security and reliability.
Ethereum: What the Cancun Upgrade has in store
Finalizing Scope of Upgrade
Ethereum developers have finalized the scope for the Cancun upgrade, which promises to bring significant enhancements and improvements to Ethereum. The upgrade will introduce proto-dank sharding, a code change aimed at preventing slashed validators from being selected as block proposers, and an agreement to remove the 32 ETH cap on effective balances for validators.
Price Recovery & NFTs
Following news of the finalization of scope, signs of recovery were seen in prices but interest in Ethereum NFTs fell. Nonetheless, progress in development is consistent despite market volatility.
State of Validators
At press time, there were 618,954 active validators participating in consensus with a 7.15% increase over the last 30 days. These proposed changes make staking more attractive and reduce barriers for validators interested in joining the Ethereum network.
State of ETH
At time of writing, ETH was trading at $1,712; up from its previous low of $1,641.33 and gas usage on network continues steadily increasing with more users joining every day.
The upcoming Cancun upgrade holds great potential for improving scalability and efficiency within Ethereum’s existing infrastructure while also strengthening its security and reliability going forward