Ethereum (ETH), Glamsterdam Mainnet Countdown...Fees Drastically Reduced Again?

▲ Ethereum (ETH)

Ethereum (ETH) has successfully deployed Glamsterdam, its next major hard fork, on the Sepolia testnet. It has passed a critical gateway towards reducing Layer 2 fees and improving network scalability.

According to Cointelegraph, a cryptocurrency specialized media outlet, on September 29 (local time), the Ethereum core development team officially applied the Glamsterdam hard fork to the Sepolia testnet. This marks the first major upgrade in a core environment responsible for key development verification since the end of support for previous testnets like Goerli.

This hard fork focused on significantly expanding the blob data storage capacity introduced in the Dencun upgrade. With increased blob space, the cost of recording data that Layer 2 rollup networks pay to the mainnet is expected to be substantially reduced. Furthermore, foundational protocols for Data Availability Sampling (DAS) technology and numerous gas fee optimization improvements have been included, further enhancing network processing capacity.

The development team plans to intensively check node synchronization and block validation status on the Sepolia testnet. If no significant bugs or client crashes occur in the testnet environment, the final mainnet deployment schedule will be confirmed after several weeks of additional verification, passing through the Holesky testnet.

Market experts anticipate that once the Glamsterdam upgrade is complete, Layer 2 fees in the Ethereum ecosystem will be further reduced, accelerating transaction activity for decentralized finance (DeFi) and Web3 applications. This is analyzed as a watershed moment that will enhance mainnet infrastructure competitiveness amidst intense scalability competition.

[Article Key Summary]

-Ethereum developers have successfully deployed Glamsterdam, the next major upgrade, on the Sepolia testnet.

-Reduced Layer 2 network fees are expected through expanded blob data storage capacity and gas fee optimization.

-Following testnet stability verification, the final mainnet hard fork schedule is expected to be finalized in the future.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*