According to Coin Bureau host Guy Turner, the leading altcoin Ethereum (ETH) could see a significant increase in its price due to the upcoming two milestones. In a recent video, Turner shared his insights with Coin Bureau’s substantial subscriber base of 2.28 million, highlighting potential catalysts that could boost ETH. Here are the details…
Coin Bureau bullish for leading altcoin
The first milestone that Turner discusses is the highly anticipated EIP-4844 upgrade, popularly known as proto-danksharding. This upgrade is hugely important to Ethereum because it aims to address the scalability issue that is often considered the main bottleneck of the network. Ethereum aims to achieve a level of scalability comparable to centralized computer systems by implementing proto-danksharding. This feat will be accomplished by increasing data availability, which has so far been a major barrier to Ethereum’s scalability.
Turner explains that proto-danksharding increases the accessibility of transaction data by adding custom data blobs to the Ethereum Blockchain. As a result, this progress is expected to increase Ethereum’s scalability, lower fees, and increase transaction speeds in layer-2 solutions. The implications of this upgrade are significant as it positions Ethereum as a more efficient and competitive Blockchain platform. The second milestone that Turner highlighted is Ethereum’s refocus on privacy. Ethereum creator Vitalik Buterin addressed this issue in a blog post earlier this year, noting that privacy remains one of the “biggest remaining challenges” in the Ethereum ecosystem.
Buterin suggested the implementation of secret addresses as a potential solution to increase privacy in the network. Privacy concerns came to the fore in April when Ethereum’s staking process was subject to scrutiny for potential privacy vulnerabilities. More recently, Buterin highlighted the importance of privacy in another blog post, noting that Ethereum is one of the “three transitions” crucial to its success.
What will Shapella bring?
The increasing emphasis on privacy also coincides with the wishes of institutional investors who care about the protection of privacy. Turner argues that the increased institutional interest in ETH brought about by the Shappella upgrade has likely contributed to a refocus on privacy within the Ethereum development community.
As Ethereum moves towards these two milestones, market watchers and ETH enthusiasts eagerly await the potential positive impact on the cryptocurrency’s price. Expected scalability improvements and enhanced privacy features could make Ethereum an even more attractive platform for users and investors alike.
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