Ethereum, a leading blockchain platform, has recently activated the Fosaka upgrade aimed at improving network performance and reducing operational costs. Central to this upgrade is the “PeerDAS” system, which allows validators to verify smaller data segments instead of entire data blocks. This approach reduces the computational burden on validators and significantly increases the settlement speed of Layer-2 networks. Ethereum is an open-source, decentralized platform hosting smart contracts and decentralized applications (dApps). Over recent years, Ethereum has implemented several upgrades, including major updates like “The Merge,” which enhanced the network’s energy efficiency. The Fosaka upgrade continues this trajectory by focusing on resolving performance and cost challenges. Validators are responsible for confirming network transactions to maintain blockchain integrity. With PeerDAS, validators can perform faster and more cost-effective verification by checking smaller data pieces, thereby boosting Ethereum’s capacity and improving the functionality of Layer-2 scaling solutions. This upgrade is expected to increase Ethereum’s popularity and usage by providing a faster, more affordable network, attracting more users and developers. Nonetheless, as with any upgrade, certain technical challenges and risks remain that will need to be addressed over time.
Source: coindesk
