Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: booktiger on December 17, 2023, 01:48:07 PM
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Ethereum will likely outperform bitcoin (https://www.theblock.co/post/267539/jpmorgan-ether-outperform-bitcoin-2024) and other cryptocurrencies in 2024, according to JPMorgan analysts.
That prediction comes on the back of Ethereum’s EIP-4844 upgrade next year.
- We believe that this upgrade will likely prove a bigger step towards improving Ethereum network activity, thus helping Ethereum to outperform.
EIP-4844 upgrade:
Protodanksharding is an initial step toward the full implementation of Danksharding, a more efficient form of sharding for Ethereum. Unlike the originally planned sharding technique, Danksharding avoids the complex process of splitting Ethereum into multiple shard chains. Instead, it introduces data blobs, temporary data packets attached to blocks,
capable of holding more data than blocks but not permanently stored or accessed by the Ethereum virtual machine.
In essence, data blobs enhance the efficiency of Layer 2 networks without altering the Ethereum block size.
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When they said "Outperform," I believe they are referring to the blockchain service, as I don't see Ethereum outclassing Bitcoin in terms of price. Moreover, the Ethereum blockchain needs a new upgrade that would enhance its services, considering the heavy tasks it performs for many projects.