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Ethereum Is Finally Ready to Blow Up in a Cloud of Gas: The Utterly Unnecessary Pectra Fork That Will Probably Just Cause More Chaos

A  illustration depicting a chaotic network with tangled lines and data packets bursting out in all directions, surrounded by empty gas meters and broken blockchain blocks, conveying the chaos that will ensue from this unnecessary upgrade.

Ethereum’s latest ‘innovation’ is just a fancy way to say ‘we’re throwing more gas on the fire of inefficiency’. The Pectra fork and EIP-7742 are all about tweaking the blob fees, because who doesn’t love dynamic targets that can be easily abused? It’s like trying to herd cats with laser pointers – it’ll probably just end up as a cat fight. And don’t even get me started on Vitalik’s ‘vision’ of 100,000 transactions per second… more like 10,000 and still getting yelled at by the crypto bros.

Source: cointelegraph

Ethereum developers are set to implement an Ethereum Improvement Proposal (EIP) to optimize blob-carrying transactions and improve network scalability in the upcoming Pectra fork. EIP-7742 will create a mechanism for the Ethereum consensus layer to “dynamically” set the blob gas target and max values, Galaxy Digital’s vice president of research, Christine Kim, posted to X on Oct. 17 after attending Ethereum’s “All Core Devs” meeting. Blobs are large but temporary […]

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