Ethereum has officially launched its latest upgrade, Fusaka, which went live on the Ethereum mainnet at 9:49 pm UTC on Wednesday at Epoch 411392. This upgrade marks a significant enhancement in data capacity, transaction costs, and overall usability of the network. The standout feature of Fusaka is the introduction of peer data availability sampling, commonly referred to as PeerDAS, which significantly boosts the scaling capabilities for both Ethereum and its layer 2 solutions.
According to a recent post by the Ethereum Foundation on their Ethereum X account, Fusaka brings the network closer to achieving “near-instant transactions.” This increased speed is expected to deliver a more seamless user experience. For layer 2 solutions and rollups, Fusaka is anticipated to unlock up to eight times the data throughput via PeerDAS, facilitating a more efficient processing of information across the network.
In simpler terms, PeerDAS works by fragmenting large blobs of rollup data into smaller, manageable cells. This change means that nodes are required to download and upload significantly less data, allowing for quicker processing and improved interaction between layer 2 solutions and the Ethereum mainnet. The Ethereum Foundation emphasized that “for rollups, this means cheaper blob fees and more space to grow, all while maintaining the network”s decentralization.”
The implications of Fusaka are already stirring excitement among market analysts regarding its potential impact on the price of Ether (ETH). Notably, trader MerlijnTrader recently pointed out the significant price movement that followed Ethereum”s previous upgrade, Pectra, which saw a surge of 58%. He suggested that Fusaka is engineered to create an even more substantial impact, stating, “Price lags fundamentals. But not for long.”
On the same note, prominent Bitcoin advocate @LLuciano_BTC shared similar sentiments with his followers, asserting that Fusaka feels like a pivotal catalyst with the potential to unlock significant price appreciation for Ethereum. He remarked, “Ethereum finally shows how far scaling can go while staying true to its design.”
As the cryptocurrency community digests the enhancements brought by Fusaka, all eyes will be on ETH”s performance in the coming days, particularly in light of the new efficiencies introduced by PeerDAS.
