After the latest update that brought a rally to Ethereum, all eyes are now on the next update! Here are the date and details.

Ethereum, after the successful completion of the Pectra update last week, has begun preparations for the next major network update "Fusaka".

Pectra has attracted attention as the biggest code change to Ethereum since the "Merge" that took place in 2022. Following this update, which aims to facilitate institutional staking operations, increase wallet accessibility, and improve transaction efficiency, all eyes are now on Fusaka.

One of the most striking components of Fusaka is the Ethereum Improvement Proposal named "PeerDAS" (EIP). PeerDAS aims to manage the large data blocks (blob) needed by the growing layer-2 ecosystem on the Ethereum network more efficiently.

The "blob" structure that stores transaction data off-chain on the blockchain was first initiated with the Dencun update. With this structure, the transaction density on the Ethereum network decreases, while gas (transaction) fees also drop. Layer-2 solutions like Arbitrum, Optimism, and Coinbase's Base network can offer faster and lower-cost transactions thanks to this system.

PeerDAS technology allows validators to verify the accuracy of data on the network by downloading only a portion of these large data blocks. This significantly reduces transaction costs for both validators and layer-2 networks.

Parithosh Jayanti, who serves as a developer at the ETH Foundation, stated in a statement, "PeerDAS is very important because we want to support the scaling of layer-2 solutions. With this system, we can significantly increase the blob limit."

The Fusaka update is planned to be implemented by the end of 2025. This upgrade, which is expected to include many new features beyond PeerDAS, is being approached with caution regarding its timing. Ethereum developers had previously planned the Pectra update for the end of 2024, but it was postponed to May 2025 due to various testing issues.

Delays and the slow pace of the development process have led to an increase in criticism towards Ethereum developers.