- Ethereum developers discussed future updates during a recent conference call.
- ETH stabilized after a brief drop, but ETH trading volume declined.
Ethereum [ETH] The news of the spot ETF approval has caused a surge in interest in the past few days. However, unaffected by the hype surrounding the ETF approval, it has been business as usual for Ethereum developers.
During the recent ACDC (All Core Developers Execution Call), several development updates regarding the future of the Ethereum network were discussed.
what's new?
A proposal to enhance the execution API by incorporating “returndata” in transaction receipts sparked discussion but no consensus was reached. Developers plan to continue this conversation on GitHub in the future. In short, someone proposed a way to improve how developers get information about transactions on Ethereum, but no decision has been made yet on whether or how to implement it specifically.
Source: X
Separately, concerns were raised about the default minimum priority tip requirement implemented in Geth. Some believe this requirement results in empty blocks, while others argue that it encourages proper block construction. Simply put, there was a disagreement over a Geth client setting that affects transaction prioritization.
Developers are currently testing various changes in a separate testing ground called Pectra Devnet, some planned features will be swapped out and EIP 3074 will be replaced by EIP 7702 in the next testing phase.
Additionally, there has been a lot of debate about what exactly should be included in the final Pectra upgrade. Some developers want to delay the introduction of the EOF feature and split the upgrade into multiple parts. Incidentally, EOF (EVM Object Format) is a proposed upgrade to Ethereum's smart contract engine that offers better composition and the potential for faster execution. However, its complexity has sparked debate about when it should be included.
Essentially, Ethereum users can expect a smoother development experience and potentially faster transactions with these updates, though the delays may be due to ongoing discussions about how best to implement them.
What is the situation with ETH?
At the time of writing, ETH was trading at $3,754, up just 0.38% over the past 24 hours. However, ETH trading volume fell significantly by 56.74%.
As excitement around the ETF grows, we expect the price of ETH to soar. Unfortunately, it remains to be seen whether the Pectra upgrade will provide a boost to ETH's momentum in the future or cause unexpected volatility.
Is Your Portfolio Green? Check out our ETH Profit Calculator
Source: Santiment
