• Ethereum developers has postponed the Cancun upgrade.
• ETH’s price remain unaffected and continued to grow.

As Ethereum’s [ETH] price surged, the interest in the network grew. However, this improved sentiment could soon be derailed by new development updates on Ethereum.

A slight delay

They recently decided to delay the deployment of the Cancun upgrade.

This was done when Ethereum developers recently met for their 176th gathering, discussing upgrades to make Ethereum better. They’re currently testing the Cancun/Deneb upgrade, aiming to make Ethereum more efficient and secure.

After the holidays, in mid-January, they plan to activate it on the Goerli test network.

gm, eth devs decided yesterday to push cancun/deneb activation on the goerli testnet to jan.

why this matters: assuming public testnet forks are spaced at least 2 weeks apart, there’s a high chance now that mainnet activation of cancun likely won’t happen until march and some…

— Christine Kim (@christine_dkim) December 8, 2023

Tests begin

Right now, the Ethereum team is actively testing the upgrade on Devnet #12, a kind of playground.

They’re also working on testing a mechanism called MEV (Maximal Extractable Value), making sure validators are fairly compensated.

In this upgrade, the team is introducing something called the builder override flag. It’s like a tool that helps signal if something’s wrong and validators need to switch to a safer way of making blocks.

It’s a way to make the network safer and more efficient. Now, they’re also thinking about the next upgrade called Prague/Electra.

How will ETH be affected?

The upgrades in the Cancun/Deneb and Prague/Electra, by improving the Ethereum network, could influence ETH’s price movement.

Positive developments and enhanced functionality often attract more users and investors, potentia

Go to Source to See Full Article
Author: Himalay Patel

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details