Ethereum Upgrades to Reach New Milestones in Scalability & Privacy

• Coin Bureau host Guy Turner is predicting two upcoming milestones could send Ethereum’s price higher – namely, the proto-danksharding upgrade and an effort to enhance privacy.
• The proto-danksharding upgrade will allow Ethereum to reach a level of scalability that’s comparable with centralized computer systems by making it possible for special blobs of data to exist on the Ethereum blockchain.
• Privacy is being emphasized by Ethereum developers because institutional investors have increased interest in ETH through the Shappella upgrade and want more privacy.

The Two Upcoming Milestones for Ethereum

Coin Bureau host Guy Turner is listing two catalysts that could potentially trigger a bullish run for Ethereum (ETH). According to Turner, these two upcoming milestones are: the proto-danksharding upgrade and an effort to enhance privacy.

Proto-DankSharding Upgrade

The proto-danksharding upgrade will allow Ethereum to reach a level of scalability that’s comparable with centralized computer systems. This will be achieved by addressing Ethereum’s main bottleneck to scalability which is data availability. Proto-danksharding solves this by making it possible for special blobs of data to exist on the Ethereum blockchain, thus increasing its scalability, lowering fees and increasing transaction speeds on its layer-2s.

Privacy Enhancements

Ethereum developers are focusing on privacy due to institutional investors wanting more security and privacy when using ETH through the Shappella upgrade. Vitalik Buterin has referred in two blog posts about how important privacy is in order for Etheruem not to fail as he has noted it as one of ‘the largest remaining challenges’ and ‘three transitions that must be implemented.’

Increased Interest from Institutional Investors

Institutional investors have increased their interest in ETH due to the Shappella upgrade, thus emphasizing the need for more privacy when using ETH. This further emphasizes why both milestones are so important if they want more users investing in ETH as well as keeping their information secure and private while doing so.

Conclusion

Community members believe these two upcoming milestones could be game changers for Ethereum’s price if successful, resulting in a bullish run similar to what was experienced earlier this year in early 2021 when ETH prices hit all time highs near $4k USD per coin.