Jul 1, 2022

Ethereum developers almost finished work on upgrade Serenity Phase Zero

Ethereum developers almost finished work on upgrade Serenity Phase Zero

Ethereum Foundation lead developer Danny Ryan reports technical freeze upgrade Serenity Phase Zero, code-named Beacon Chain. This means that the work on the software is almost complete.

Serenity update aims toImproving the virtual machine, hash tree and consensus protocol. The implementation of this upgrade will mark the transition to a new generation of blockchain - Ethereum 2.0, which is hundreds of times superior to the current version of the network in terms of performance and scalability.

According to Trustnodes report, onlineEthereum cryptocurrency user activity is high. The average number of transactions per day increased from 380 thousand at the end of 2018 to 1 million. A record figure (1.3 million) was recorded in January 2018. Moreover, the block adding time decreased to 13.3 seconds, while the blockchain hashrate continues to grow steadily and now stands at 172,460 GH / s.

Despite this, ETH coins are becoming cheaper in relation toto Bitcoin. On the Binance 1 ETH exchange, it costs 0.028 BTC (16% less than at the beginning of June). Trader SalsaTekila said that the Ethereum support zone is weakening after every swing. In his opinion, if in the near future there will not be a strong bullish trend in the BTC / ETH market, the Ethereum rate will reach a new bottom. The technical analysis of the Tradingview portal suggests that ETH coins need to be sold. Moreover, the indicator is moving towards Actively Sell, so we advise you to closely monitor the dynamics of Ethereum value changes.