As November draws to a close, Bitcoin has reached an impressive level of over $91,000. Despite this remarkable price surge, market activity remains subdued, characterized by low trading volumes and minimal movement in altcoins. However, the upcoming week promises significant developments, particularly for Ethereum and Ontology.
Ontology is set to launch its MainNet v3.0.0 and upgrade its Consensus Nodes on December 1, 2025. This substantial update aims to enhance the efficiency of the network while introducing a pre-approved modification to the ONG tokenomics. The ONT token is crucial for network governance, while ONG serves as the gas token necessary for transaction fees, smart contract executions, and decentralized application interactions. The changes to ONG tokenomics include a supply cap of 800 million tokens, with the issuance period extended from 18 to 19 years. Notably, 80% of the newly issued ONG will be allocated as incentives for staking ONT tokens.
On the other hand, Ethereum will implement the Fusaka upgrade this Wednesday. This upgrade, which combines the elements of “Fulu” and “Osaka,” represents the second major enhancement to Ethereum”s network this year. Fusaka is designed to improve Ethereum”s capability to manage high-volume transactions, particularly through Layer 2 solutions, thereby enriching the overall ecosystem of Ethereum.
A key feature of the Fusaka upgrade is PeerDAS, which allows validators to verify segments of data instead of entire datasets. This innovative approach is expected to reduce bandwidth demands and lower costs for both validators and Layer 2 networks. The anticipated improvements in transaction processing speed and cost efficiency are critical for stakeholders within the Ethereum ecosystem.
Entities such as Fidelity Digital Assets have praised this upgrade, viewing it as a significant advancement as Ethereum prepares for future demands. The ongoing conversation surrounding tokenization continues to place Ethereum at the forefront. The implementation of Fusaka is anticipated to have a positive impact on the main network”s performance, facilitating a broader range of Layer 2 solutions in the realm of tokenization.
In summary, the latest developments for Ontology and Ethereum mark a crucial stage in the maturation of the cryptocurrency landscape. Both networks are poised to introduce efficiencies that are likely to attract attention, further shaping the evolution of digital currency technology.
