Ethereum Upgrade: The Next Evolution of Blockchain | Consensys (2024)

FAQs

What is Ethereum's next upgrade? ›

The Dencun upgrade, also known as Cancun-Deneb, is expected to be completed in the first quarter of 2024 and will focus on increasing the scalability and efficiency of the network through nine EIPs.

Ethereum's Pectra upgrade, expected in Q4 2024, marks a major step forward for scalability, security, and usability. With gas efficiency enhancements, smart contract upgradability, and improved security, Ethereum continues to lead blockchain innovation.

Experts acknowledge that Ethereum has a stable future due to several use cases and its unique blockchain, and there is a chance it may perform exceptionally well compared to Bitcoin. However, it is considered highly unlikely for Ethereum to surpass the price of Bitcoin.

Ethereum has successfully completed a major software upgrade that should make using the blockchain network ecosystem cheaper. Referred by developers as Dencun, the update lowers expenses for so-called Layer 2 networks — dozens of chains like Arbitrum, Polygon and Coinbase Global Inc.'s Base that link to Ethereum.

The Ethereum upgrade seeks to enhance scalability, security, and efficiency within the Ethereum network. The upgrade introduces the concept of sharding, a step towards optimizing data management and enhancing transaction affordability. The Ethereum upgrade is expected to go live in the future.

The Dencun Upgrade is the next upgrade in the Ethereum roadmap that introduces proto-danksharding, also known as EIP-4844.

Ethereum forecast between 2026 and 2027

In 2026, Ethereum is expected to continue the trend of late 2025. Analysts predict that ETH will reach a share price of €7,435.21 in June. By the end of 2026, we will see a nice share price of €9,171.57.

Ethereum is a decentralized blockchain and development platform. It allows developers to build and deploy applications and smart contracts. Ethereum utilizes its native cryptocurrency, ether (ETH), for transactions and incentivizes network participants through proof-of-stake (PoS) validation.

Can Ethereum reach $100,000? ›

While Ethereum can hit $100,000 after 2030, it is not realistic to expect ETH to reach 100k before 2030. It's nearly impossible. There is no path for Ethereum to hit 100k before 2030, it's impossible. ETH can realistically hit $10,000 in the coming years, either in 2025 or in 2026.

Buying either crypto requires a high risk tolerance. Looking at past performance, it's difficult to choose a winner between Bitcoin and Ether because their relative returns fluctuate depending on the time frame. In the past year, Bitcoin prices are up 157% compared to a 100% gain for Ether.

Solana's native cryptocurrency, SOL, has gained significant attention in recent years due to the platform's impressive performance. Solana boasts a transaction processing capacity of up to 65,000 transactions per second (TPS), far surpassing Ethereum's current capacity.

The Ethereum development roadmap: Prague/Electra upgrade timeline. Ethereum's Dencun upgrade occurred in March 2024, and Pectra is scheduled to go live in 2025.

Ethereum, which approached a peak of $4,891.70 in November 2021, experienced a dramatic fall to below $900 by late 2022. This significant decline was influenced by a combination of factors including rising interest rates, which redirected investor interest, and the high-profile bankruptcy of the FTX exchange.

Which is the next Ethereum? Some crypto analysts believe that Cardano, Solana, and Avalanche each make a great case as the next Ethereum.

Our real-time ETH to USD price update shows the current Ethereum price as $2,349.22 USD. Our most recent Ethereum price forecast indicates that its value will increase by 2.74% and reach $2,413.59 by September 14, 2024.

The next biggest coin would be DOJ token, that of the Dojima network. Dojima network is a decentralized ecosystem made for cross chain interoperability between several protocols from different chains.