TLDR
- Ethereum Foundation confirmed December 3 as the official mainnet launch date for the Fusaka upgrade.
- The Fusaka upgrade completed testing on Hoodi testnet after smooth deployments on Holesky and Sepolia.
- PeerDAS will allow validators to confirm Layer 2 transactions by sampling only small portions of blob data.
- The upgrade will increase the block gas limit from 30 million to 150 million, effectively doubling blob capacity.
- Fusaka will roll out in three stages including mainnet release, blob expansion, and a data limit increase via hard fork.
Ethereum Foundation researchers confirmed December 3 as the official launch date for the Ethereum Fusaka upgrade on the mainnet. The announcement came during Thursday’s All Core Devs call, just two days after successful Hoodi testnet deployment. This upgrade marks the next phase in Ethereum’s roadmap, aiming to enhance transaction throughput and data efficiency.
Fusaka Completes Testing Phase Successfully
The Ethereum Fusaka upgrade completed its final testnet deployment on Hoodi this Tuesday. Previously, the upgrade was launched smoothly on the Holesky and Sepolia testnets in October. Nethermind and other development teams verified the successful implementation of Hoodi, which boosted confidence in the mainnet release.
Developers had targeted December 3 since mid-September for the launch of the Ethereum Fusaka upgrade. The testing phase proceeded without major issues across all three testnets. This successful completion paved the way for the confirmed mainnet date.
The Ethereum Fusaka upgrade forms part of “The Surge” initiative to scale the network. Previous upgrades, such as Dencun and Shapella, have already improved staking withdrawals and Layer 2 operations. Fusaka builds on these improvements by focusing on data efficiency and access.
PeerDAS and Network Enhancements Drive Upgrade
The Ethereum Fusaka upgrade introduces nearly a dozen improvement proposals for the network. PeerDAS, designated as EIP-7594, stands as a significant enhancement in this update. This data access technique enables validators to verify Layer 2 transactions using small data samples.
PeerDAS was initially planned for the Pectra upgrade, but required additional testing time. The Ethereum Fusaka upgrade will increase the block gas limit from 30 million to 150 million. This change effectively doubles the blob capacity at an accelerated rate.
The upgrade will roll out in three stages across the network. First comes the mainnet release, followed by blob expansion for Layer 2 scaling. The final stage involves increasing the data limit through a hard fork.
Developers view the Ethereum Fusaka upgrade as preparation for full danksharding implementation. Danksharding aims to expand network capacity on a massive scale. The current upgrade serves as a crucial stepping stone toward that goal.
After Fusaka, Ethereum will focus on the Glamsterdam update next. Glamsterdam intends to improve block times and implement enshrined proposer-builder separation. This represents another key milestone in the Surge roadmap.
Security Measures and Market Response
The Ethereum Foundation launched a four-week security audit tournament in September. Researchers can earn approximately $2 million in prizes for discovering vulnerabilities before they are publicly released. This initiative aims to ensure the Ethereum Fusaka upgrade launches securely.
Ethereum’s price remained above $3,800 despite the announcement of the upgrade on Thursday. The cryptocurrency experienced $220.8 million in liquidations over a 24-hour period, according to CoinGlass data. Long positions accounted for $190.3 million of these liquidations.
Ethereum dropped below $3,700 on Thursday after rejection at the 100-day EMA level. The price recovered slightly to hover above $3,800 subsequently. The 200-day EMA provides support near $3,600 on the downside.
Technical indicators indicate that the Relative Strength Index is moving lower toward midline levels. The Stochastic Oscillator also trends downward, indicating increased selling pressure. A move above $4,270 could pave the way for a test of the $4,500 resistance.
The Ethereum Fusaka upgrade deployment will test the network’s scaling capabilities upon activation. Layer 2 solutions stand to benefit from the enhanced data efficiency features. The upgrade focuses on improving sustainability, security, and scalability for the blockchain.
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