Ethereum Updates A bullish outlook?

in #hive-1679223 days ago

I write about ETH Ethereum a good amount. I got in on it at an average price of $13 each which to be fair was a good amount of money for me at the time with a new start up, debts and between jobs. Ethereum has been all over the place no only in price but also wondering what's going to happen with it next. From a powerhouse of Proof of work to a not so power house at proof of stake Ethereums been through the ringer. While it's been under performing compared to other cryptos as of late there are updates coming.

Most of these updates we covered before and to be honest with you they simply were not very exciting to the point of thinking there would be any type of price action from it for Ethereum in 2025. But that might have changed as Ethereum is rolling out what's going to be included in it's next update and some of these are less than a week old since announced.

Let's have a look at how Ethereum will be shaped in 2025.

Pectra

Pectra is the one that's getting a lot of publicity at the moment as it's the next major overhaul of the blockchain. The ultimate goal for Ethereum is for it to be scalable and scalable to the point it can rival places like visa in terms of transactions per second.

Each of these updates have a host of other updates in them which are called EIPs. While I wont go over all I want to touch base on a few of these so we can get a deeper look as to what's going on.

EIP - 7702 Set EOA account code

This is a big one for wallet users including metamask as it opens Ethereum up to be able to batch transaction thus saving on fees which is a major issue when trying to do things on Ethereum as we have seen in the past. To setup a DeFi pool used to cost around $150!

You'll also often see this on swaps where you have to first approve the token and then do the swap resulting in two transactions. But if those could be batched it wouldn't only save you money but also make it much more efficient.

Smart Wallets

Smart wallets are just starting to become a thing. The primary example of what this would do is have the ability to setup recurring payments. Think of things like memberships, game access, battle passes and a whole slew of subscription based businesses which is primarily what all businesses use this day.

On the business front this should adopt a large amount of demand for programming and building things that are subscription based. It's hard enough to get someone to buy your product once and then come back and buy it again. But if it's on subscription often it's forgotten about and can add up to massive revenue for a business which is why many continue to go after this.

While maybe not so great for the customer it for sure should drive more businesses to develop on the chain because of this feature.

Sponsoring transactions. This is another powerful feature where if for example you spend enough money the app could sponsor your transactions. This can also be batched from the application itself to make the transactions less or free.

All of these updates are due some time in early 2025 is the game plan so far.

Fusaka

Fusaka is then the next upgrade to Ethereum expected some time in 2026. Now that might sound a far away time from now but when you think about it it's only going to be half way into a very pro crypto government under trump.

This update is mainly focused on efficiency of the blockchain. Goals here would be a 13 second block now being a 8 second block still slow when you're standing around waiting to pay a bill but still doable.

Beam Chain

This is a new one that's getting a lot of people talking about Ethereum once again. aka Ethereum 3.0 which the Ethereum devs don't want it to be called lol.

Big changes are things like changing the required 32 ETH to run a node and reduce the staking down to 1 ETH which honestly should me manageable by most people. That's the primary goal with this update. Is more validators and more people running a ETH node. Which honestly at some point in life I expect you to have a running node in just about every household or well a large portion of them.

Another big part is increased decentralization and terms of identity where zero knowledge proofs become a bigger part of the core layer.

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