Ethereum Developers Contemplate Splitting Pectra Upgrade Amidst Market Pressures

ETH Under Pressure: Ethereum Developers Consider Splitting Pectra Upgrade

The much-anticipated Pectra upgrade for Ethereum might be split into two parts, according to developers. This decision aims to enhance the network's efficiency and scalability sooner than expected, with the first phase potentially launching in early 2025. Ansgar Dietrichs from the Ethereum Foundation expressed concerns about delays during a developer meeting, emphasizing that delivering only half by June would be seen as a failure. Another developer mentioned their goal of releasing Pectra at the start of next year while minimizing risks through smaller forks.

Currently trading at $2306, Ether has faced a 4.45% drop over the past day and an overall decline compared to Bitcoin since January. The Grayscale Ethereum Trust is partly blamed for this downturn after losing $104 million since September due to disappointing US ETFs performance. More details can be found on BTC-ECHO | Bitcoin & Blockchain since 2014 via [BTC-ECHO](https://www.btc-echo.de/schlagzeilen/ethereum-entwickler-erwaegen-aufteilung-des-pectra-upgrades-191857/).

Ethereum Faces Centralization Criticism Amidst New Rally Ideas

Vitalik Buterin addressed centralization issues within Ethereum during an event in Singapore in September 2024, focusing on centralized staking platforms' impact on security and privacy following the Proof-of-Stake transition. He suggested solo-staking as a solution to reduce dependency on major entities controlling over half of ETH stakes last year.

This approach could mitigate potential threats like 51% attacks, which become critical beyond certain dominance levels, possibly leading towards network splits or forks if unchecked. It's essential to implement adequate decentralizing measures timely to prevent these risks.

Kryptomillionaires Surge: A Look Into Their Rise And Impact

The world of cryptocurrencies has witnessed significant changes recently, notably increasing the number of crypto-millionaires by more than eighty percent throughout 2024 alone, reaching 195,000 individuals with assets exceeding one million dollars each. This surge is primarily driven by widespread adoption across various sectors, including retail, real estate, and participation in decentralized finance projects and initial coin offerings, contributing significantly towards asset accumulation.

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Article Summary

Ethereum developers are considering splitting the Pectra upgrade into two phases to enhance efficiency and scalability, with concerns about delays impacting its release. Meanwhile, Ethereum faces centralization issues post-Proof-of-Stake transition, as Vitalik Buterin suggests solo-staking to mitigate risks like 51% attacks.