Galaxy Digital researcher Christine Kim recently shared Thread Updating the community on Twitter on the development of the Ethereum blockchain. During their latest meeting, according to Kim, Ethereum Core developers discussed the now-delayed merge and shadow forks.
What’s on the agenda?
Kim proceeds with the roadmap for the Ethereum blockchain. 4th The Goerlie shadow fork is set to move forward this Tuesday. In contrast, 2Ra Mainnet Shadow Fork 1 . is scheduled to launch next Saturday after the failure ofscheduled tribe Last week. The gap was identified by Hyperledger Besu, an open source Ethereum client. He is expected to provide inputs on the scheduled launch to paper out all the cracks.
Ethereum core developer Tim Beiko also updated the community about another major issue. Tweeting about the latest valid hash issue, he commented,
Next, we discussed another issue we’ve seen recently, which concerns EL clients, when they detect that a block is invalid, they return the hash of the last valid block seen on the fork, which is the latest one. Called ValidHash.
— Tim Beiko | timbeiko.eth (@TimBeiko) 1 April 2022
In fact, he even suggested forking the Ropsten testnet too soon. The benefits of forking will be manifold. This will encourage early participation of node operators and create a working structure regarding the nodes to be worked on post-merger.
Forking Ropsten will help spot potential gaps in the coding and also give “more time for the merge to live longer”.
Is this the right time to buy ETH?
Finder’s Cryptocurrency Price Predictions report recently updated its analysis of ETH price action for the future. Accordingly, almost half of the respondents favored buying ETH, while only 18% favored the sell side.
Furthermore, over 75% of the respondents believe that there will be a price increase after switching to Proof-of-Stake. Morpher CEO Martin Froehler, for example, also thinks the move will increase demand for ETH.
“Lower inflation rates for Proof of Stake, DeFi, NFTs, and Ethereum as well as the move to huge network growth rate will lead to higher demand, and thus higher prices for Ether.”
Permission’s chief product officer, Vanessa Harris, however, offered a different perspective.
“Ethereum is going to lose the market in the short term, but investors should watch carefully for competition from third-generation smart contract platforms. Avalanche, Terra and Elrond all have high-end platforms with active dapp development and for Ethereum’s user base. will compete.”