What Comes Next After Ethereum Biggest Event, the Merge

Many tech giants regulate software updates without the consent of users, but one of the major leading cryptocurrencies Ethereum chose the opposite path. Recently, Ethereum announced that it would bring some major changes to Ethereum, so it requested the users to submit Ethereum Improvement Proposals (EIPs) to select the best proposals for the upcoming Ethereum network upgrade.

On Thursday, 2022, Ethereum developers stated that they selected eight EIPs in the upcoming Ethereum new upgrade called Shanghai. The major EIPs are EIP-3651, EIP-3855, and EIP-3860. The developers stated that EIP-3651 was a major one to reduce network fees for some of the key network participants known as builders, but they did not clarify when the Ethereum upgrade would happen. Currently, the team is working on EIP 4844.

Thread summarizing amazing progress on EIP-4844 (proto-danksharding).
This is a crucial first step to massively lower fees on L2, helping to make it affordable for much larger numbers of users to directly use on-chain applications instead of relying on cefi intermediaries. https://t.co/cMeIAV5aN5
— vitalik.eth (@VitalikButerin) November 24, 2022

New Plans Of Ethereum After Merge

After the merge, the next upgrade on Ethereum will be “Shanghai.” For the Shanghai upgrade, Shandong will act as a testnet. This new Ethereum upgrade will help the users to withdraw their Ether staked from the past few years systematically and securely.

Currently, Ethereum declined users to withdraw their staked Ether on Beacon Chain. If users want to utilize those assets on Beacon Chain, they must depend on liquidity tokens. On September 15, 2022, the Beacon chain merged with the original Ethereum PoW chain to maintain security and scalability on the platform.

Uneven Growth Rate In Solana, Ethereum and Cardano

Recently, Coinbase launched a liquid-staked token called Coinbase wrapped Ethereum (CBETH). Staking is a process that helps long-term crypto holders to earn rewards for holding certain types of digital currencies. For staking the cryptocurrencies, they utilize consensus mechanisms, a popular crypto method called Proof of Stake (PoS).

Right now, Coinbase is providing multi-wallet support for both Ethereum and Solana. Now Ethereum and Solana can access 15 sub-wallets linked to one recovery wallet. Each sub-wallet will provide a unique address for the transaction.

Lido Finance officially announced a set of new ideas to expand their staked Ether across the crypto ecosystem through Ethereum layer-2 (L2). ETH staking services annually make a profit of 3.9% for Lido.

The Best Crypto Platforms To Stake

Ethereum
Cosmos
Solana
Cardano

According to the data, the United States stands in the twelfth position as the country that was showing the most interest in cryptocurrency. Bitcoin and Ethereum are the trending digital assets in the US, with search scores of 14 and 23, respectively. According to the data, Ether rose to 1.7% to trade at $1,203 (USD).

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing