Ethereum has announced the Fusaka upgrade scheduled for November, focusing on improvements to efficiency and scalability of the network. Additionally, the SEC held a meeting with key blockchain industry players to discuss compliance standards.
Fusaka Upgrade and Its Features
The Fusaka upgrade is slated for early November and will be the next major update to Ethereum. It will come approximately six months after the Pectra upgrade, which focused on enhancing network efficiency and scalability.
Fusaka will introduce 11 Ethereum Improvement Proposals (EIPs), with EIP-7825 aimed at improving network resilience against malicious attacks and boosting scalability. Another consideration is raising the Ethereum gas limit to 150 million. However, EIP-7907, which proposed doubling the contract code size limit, has been excluded to streamline testing.
SEC Meeting with Ethereum Allies
Recently, the SEC held a meeting with key players in the blockchain industry to discuss potential token standards that would support regulatory compliance, especially focusing on ERC-3643 and Chainlink’s Automated Compliance Engine.
The discussions centered around integrating open standards into the regulatory landscape. ERC-3643 Association president Dennis O’Connell noted that this event signifies a major shift in the SEC’s perception of open standards for blockchain-based finance.
Future of Ethereum Upgrades
The Ethereum community is also looking ahead to the Glamsterdam upgrade, expected in 2026. One proposed change involves halving Ethereum’s block time from 12 seconds to six seconds, which could greatly enhance performance.
In parallel, discussions are ongoing regarding raising the Ethereum gas limit to 45 million, which would help decrease transaction costs and improve scalability.
The upcoming Fusaka upgrade and the meetings with the SEC illustrate Ethereum's commitment to advancing technology and regulatory compliance. These initiatives may significantly impact the future of the blockchain industry and its integration with traditional financial systems.
