🔥 Gate Square Event: #PostToWinNIGHT 🔥
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📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
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📄 Notes
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Gat
Ethereum 6th upgrade coming on 3 December.
After the upgrades that have been done to Ethereum over the years such as the Berlin Upgrade, London upgrade, Shanghai upgrade, The Merge, and Patricia, there will now be a Fusaka Upgrade.
What will happen after this upgrade to the Ethereum network on Wednesday.
Many things will happen, including:
0. Wallet abstraction on Ethereum, a system that allows you to use your face or your thumbprint on your wallet so that even if your passphrases are lost, you can recover the wallet.
Keyless wallets, non passphrase wallets and others.
And also user friendly. Just within 30 to 60 seconds you can open a new wallet.
1. Running a Node on Ethereum will be greatly simplified. The current problem is that running a Node on Ethereum requires a large amount of GB and is quite demanding.
Validators can use the "Stateless client" system, meaning they do not necessarily have to use SSD storage before they can collect all the data on the network.
From using 2 Tera byte Storage to 100 GIG or less than GIG, meaning whether a Laptop can handle it. (If the OVER protocol had not ignored themselves, their market would have 'expanded' now).
They can validate any block but based on the small witness proof only.
2. Secondly, the Gas limit for each block will be increased to 60 million.
This means that the gas limit for each block is currently set at 30 million on Ethereum. Increasing the gas limit for each block indicates that the number of transactions each block can handle will significantly increase. This will also strengthen Ethereum; indeed, any L1 that is adjusted in this way will gain strength. Although some say it ranges from 45 million to 150 million.
Do you know what this will cause?
It will lead to a significant increase in transactions, which are currently nonexistent. This will also increase the amount of Ethereum being burned and sent to the Dead wallet. Supply will decrease. Demand will increase, no need to tell you about the price.
3. Thirdly, the L2s that operate on Ethereum such as Arbitrum, Optimism, Base, Metis, Polygon, and others will have their fees increased in order to maintain L1, namely Ethereum. This will happen without L2s increasing the amount of Gas they charge from users.
This will increase the amount of Ethereum being burned, also.
This will also increase the speed (scalability) for Ethereum, that is TPs.
This is a little bit of what this upgrade contains. There are more things we will discuss about it, God willing.