ETH up by 11% as Ethereum community remains optimistic about the Merge

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Ethereum [ETH] developers concluded their latest fortnightly call two days ago. All eyes are on the Merge transition scheduled for September. But before that there are still some things to be crossed off the list. The call put forth pressing concerns for the developers and scheduled updates for the ecosystem. Market optimists are counting on […]

fortnightly call two days ago. All eyes are on the Merge transition scheduled for September. But before that there are still some things to be crossed off the list. The call put forth pressing concerns for the developers and scheduled updates for the ecosystem. Market optimists are counting on the Merge for an upturn in prices as crypto reacts to the latest price hike.on the meeting’s discussions as they happened.

Meanwhile, OP Labs released about an update about EIP- 4844 to be launched on Ethereum. This update seeks to increase Ethereum’s scalability without “sacrificing decentralization. This development has been contributed by researchers and developers from various organizations. These include the Ethereum Foundation, Coinbase, OP Labs, ConsenSys and Prysmatic Labs. As per the tweet, the EIP-4844 aims to “drastically” decrease rollup fees to further incentivize users.

EIP-4844 will drastically decrease rollup fees, enabling Ethereum to scale without sacrificing decentralization.

 

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