Ethereum Fusaka upgrade has been launched! L2 fees will start plummeting by 40-60% tonight, the seed phrase can officially be thrown in the trash!
Today, the Ethereum Fusaka hard fork has officially activated!
This is not 'tomorrow', but now! The mainnet block 13,164,544 has just passed, and the upgrade is complete!
Three sentences to clarify how fierce this upgrade is:
1. L2 transaction fees will be halved (starting from 40-60%)
PeerDAS (EIP-7594) allows each node to only store 1/8 of the data, and the data capacity directly increases by more than 8 times.
Arbitrum, Base, and Optimism will start enjoying the benefits tonight, with swaps costing just a few cents becoming the norm.
2. L1 is also becoming a powerhouse
The block gas limit has been raised from 36M/45M to 60M (EIP-7935), with a single transaction using up to 16.78M gas (EIP-7825),
and during peak times, there will be no need to wait half an hour for confirmation anymore.
3. Seed phrase? That's an ancient thing
EIP-7951 officially supports passkey + secp256r1 curve,
in the future, opening the wallet = face/fingerprint recognition, as simple as logging into WeChat.
(MetaMask, Rainbow are already updating, even grandma can play DeFi)
In summary:
Fusaka has directly upgraded Ethereum from 'a toy for tech enthusiasts' to 'a financial system that ordinary people can use'.
Starting tonight, L2 fees will start to dive,
starting tomorrow, your social circle may be flooded with 'turning ETH with your face'.
#ETH #L2Solutions #Web3 $ETH