Ethereum is actively developing its next major network upgrade, ‘Glimmerstram,’ targeted for release in 2026. This upgrade seeks to improve and bring greater transparency to the Miner Extractable Value (MEV) system, fostering a fairer environment for network users and developers. MEV refers to the practice where block miners or proof-of-stake validators reorder transactions on the blockchain to maximize their own profits, often to the detriment of regular users. Such MEV-related issues in large blockchain networks like Ethereum can lead to increased transaction fees and reduced network performance. The Ethereum foundation and community are continuously working on various upgrades to enhance the network. Glimmerstram is considered a significant update that aims to reduce the complexities associated with MEV and increase overall transparency. It will introduce fairer rules for transaction ordering, ensuring equal opportunities for all users. As one of the most widely used smart contract platforms globally, Ethereum underpins decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain applications. Continuous upgrades not only boost user confidence but also improve network security and scalability. Although the full details of the Glimmerstram upgrade are not yet finalized, it is expected to mitigate the negative impacts of MEV, delivering a better user experience, improved network performance, and potentially lower transaction costs. Development and community efforts on this innovative upgrade will continue to ensure its successful launch by 2026.
Source: coindesk
