Ethereum blockchain developers have initiated preparations for “Fosaka,” the second significant upgrade planned for 2025, aimed at enhancing the network’s efficiency and performance. This upgrade will enable Ethereum to handle larger volumes of transactions, particularly those originating from Layer-2 chains—secondary chains built on Ethereum to increase transaction speed and capacity. Ethereum is a decentralized digital currency platform that facilitates automated and secure transactions through smart contracts. It is the second most popular cryptocurrency after Bitcoin and has improved its performance, security, and scalability through various upgrades over recent years, notably the “Merge” upgrade that significantly reduced the blockchain’s energy consumption. The “Fosaka” upgrade intends to boost Ethereum’s transaction capacity to accommodate increased usage of Layer-2 solutions, resulting in better network performance and faster transactions with lower fees for users. This enhancement is expected to further increase Ethereum’s popularity and strengthen its position as a leading platform for decentralized applications (DApps). However, each new upgrade brings technical challenges and potential risks that developers must address promptly to maintain network stability and security. These efforts represent a crucial step toward securing the future of blockchain technology.
Source: coindesk
