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Highlights
- ETH as a chain is moving away from its Pectra upgrade soon
- Developers have named Fulu-Osaka as the next major update to watch
- The series of upgrades have impacted the ETH ecosystem in the past year
Ethereum developers have hinted at a new upgrade dubbed Fulu-Osaka. According to Galaxy Research’s Christine Kim, EtherCast developers recently had their 140th All Core Developer Consensus Conference Call (ACDC), during which they discussed the upcoming upgrade.
Fusaka, Pectra And Devnets 2 And 3
Alex Stokes, a researcher at the Ethereum Foundation, hosted the meeting. He led the discussions on the development stage of the long-awaited Pectra upgrade, PeerDAS, and the naming of the next Ethereum consensus layer upgrade. The current plan is to refer to the upgrade as Fulu, like the star in the Cassiopeia constellation but shortened as Fusaka.
Noteworthy, this is the next upgrade after Electra. The naming is not strange as Consensus layer upgrades are generally named after major stars. On Pectra, Stokes noted that there is a new specifications release for the upgrade. It is tagged as v1.5.0-alpha.5. He also urged client teams to take out time to review the new release.
On the subject of the Pectra devnets, Parithosh Jayanthi Ethereum Foundation Developer Operations Engineer noted that the Geth client has produced a couple of invalid blocks on Pectra Devnet 2, which developers are investigating. Stokes reiterated the plans to launch Pectra Devnet 3 within the coming week.
There is an update to EIP 2935, save historical block hashes in state, that developers will incorporate into Devnet 3. It is a semantics change that should not impact client implementations. It is worth noting that these upgrades have positioned ETH for more business. Recently, Ripple Labs minted some RLUSD stablecoin on ETH.
Other Milestones in the Ethereum Ecosystem
Meanwhile, the Ethereum ecosystem recently welcomed a new public blockchain. Sony Group launched Soneium. This protocol is its L2 outfit with backing from Startale. The public Ethereum layer 2 blockchain is built on Optimism’s OP Stack and has support from Astar Network, Alchemy, Chainlink, Circle, Optimism, and The Graph. These testnet will be launched in the near future.
In terms of Ethereum ETFs, the offering is still grappling to find its spot in the market. There is optimism that it would snatch some market share of a spot Bitcoin ETF. However, for now, this is not the case.
Ethereum co-founder Vitalik Buterin believes that Ethereum fundamentals are stronger than ever. His statement came as a response to some rumors that Ethereum ecosystem is getting weaker by the day. He went on praise L2 network Optimism for its support to standardize asset transfers in the Ethereum ecosystem.
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