Crypto News

What is Ethereum? Ethereum is a decentralized blockchain network that enables developers to build and deploy decentralized applications (DApps) and smart contracts. It was created in 2013 by Vitalik Buterin and has since grown to become one of the leading blockchain networks, second only to Bitcoin in terms of market capitalization. The Need for an Upgrade Despite its success, Ethereum has faced challenges in recent years, particularly in terms of scalability and high transaction fees. As more and more DApps and users join the network, the strain on its infrastructure has become evident, resulting in slower transaction speeds and higher fees. This has hindered the growth of the network and limited its potential for mass adoption. Introducing Ethereum Pectra To address these issues, the Ethereum team has been working on a major upgrade known as Pectra. This upgrade will introduce a new consensus mechanism called Proof of Stake, which is expected to great...