The Ethereum Foundation aims to roll out several major upgrades over the next few years to improve Ethereum’s consensus layer. Developed five years ago, the current consensus no longer aligns with today’s realities and needs updating.

The new Layer 2 network aims to make the ENS project more decentralized and open to new use cases and connections, solving the issues previously caused by the Ethereum mainnet.

The project seeks to bridge the gap between the two leading smart contract blockchains and develop a network that integrates the advantages of both Ethereum and Solana.

Pectra aims to enhance the user and developer experience on Ethereum and will lay the groundwork for future scalability improvements.

Network activity continues to be driven by memecoin traders, as a growing number of users seem to be embracing the memecoin craze.

A common blockchain mistake could now be reversed, with Binance users accounting for more than half of the recoverable funds.

Reputation concerns have led Justin Drake and Dankrad Feist to abandon their post in the restaking protocol.

According to the project, the upgrade is a paradigm shift that will enable the next economic boom and position Chainlink at its epicenter.