
Ethereum's Pectra upgrade, aimed at improving network speed and lowering transaction costs, is scheduled for mainnet launch on April 8.
Discussions around the subsequent Fusaka upgrade are underway, with developers debating the scope and timeline.
There are concerns about governance and the long-term direction of Ethereum.
Ethereum developers have confirmed that the highly anticipated Pectra upgrade will be tested on the Holesky and Sepolia networks on February 24 and March 5, respectively. If these tests go smoothly, the upgrade will launch on the Ethereum mainnet on April 8.
The decision was made during Ethereum’s All Core Developers Execution (ACDE) Call 205 on February 13, 2025, led by ethereum foundation
ethereum foundation - [email protected] Event Organiser Protocol Support Tim Beiko.
Debate over Fusaka Planning
During the meeting, developers confirmed that client teams are on track to release software for the testnet upgrades. Beiko also suggested finalizing the scope of Ethereum’s next upgrade, Fusaka, by the time Pectra goes live. However, the Geth team opposed this, saying the timeline was too short. They also argued that one of the proposed Ethereum Improvement Proposals (EIPs), called EOF, should be removed.
To address these concerns, Beiko proposed giving developers more time—one month instead of two weeks—to refine their ideas for Fusaka. He also adjusted the feedback process, allowing the Geth team to share their views individually rather than as a group.
How Pectra Could Improve Ethereum
The Pectra upgrade is expected to bring major improvements. It will increase transaction speeds and lower costs, making Ethereum more competitive with other blockchains. Security and usability upgrades will also make Ethereum safer and more accessible for developers and investors.
For ETH holders, this upgrade could boost confidence in the network, leading to greater adoption and potentially higher prices. However, as with any major update, some short-term market volatility is expected.
Leadership Changes Add to Uncertainty
Pectra’s rollout comes at a time of leadership changes within the Ethereum Foundation, raising concerns about governance and neutrality. Ethereum co-founder vitalik buterin
vitalik buterin Vitalik Buterin is a well-known tech geek, influencer, and computer programmer. To promote the blockchain, he started Bitcoin Magazine and provided blockchain information for cryptocurrency investors. In 2015, he co-founded Ethereum, a blockchain platform that contributed to decentralized finance.
Full name Vitaly Dmitrievich Buterin Birth 31-01-1994, Kolomna, Russia Education University of Waterloo Wife/Partner To be updated / Not Married Famous for Ethereum, ETH, Blockchain advocate/promoter Net Worth $1B (refer for realtime) Buterin recognized the need for decentralized finance and used smart contracts to publish the Ethereum whitepaper. His contributions paved the way for Ethereum's transition to Proof-of-Stake, which proved to be scalable and effective. Furthermore, he introduced Ether (ETH), the blockchain platform's native coin.
A Timeline of Vitalik’s Career Co-founded Bitcoin Magazine (2011) – Established one of the first crypto publications, writing extensively on Bitcoin and blockchain.
Authored Ethereum Whitepaper (2013) – Proposed a blockchain with smart contract functionality for decentralized applications (dApps).
Co-founded Ethereum (2015) – Launched Ethereum after a successful $18M ICO, revolutionizing the blockchain ecosystem.
Developed Ethereum Virtual Machine (2015–2016) – Created the EVM, enabling developers to build and deploy smart contracts.
Worked on Ethereum Scalability (2017–2021) – Contributed to Layer 2 solutions like Rollups, Plasma, and Sharding.
Led Ethereum’s Transition to Proof-of-Stake (2018–2022) – Helped develop and implement Ethereum 2.0, merging the Beacon Chain in 2022.
Blockchain Research & Cryptography (2016–Present) – Focused on zk-SNARKs, privacy tech, and decentralized governance models.
Philanthropy & Crypto Advocacy (2017–Present) – Donated millions in crypto for pandemic relief, AI research, and financial inclusion.
Key Achievements of Ethereum's Co-founder
Year Achievements Details 2014 Thiel Fellowship Awarded a $100,000 grant by Peter Thiel to work on Ethereum. 2018 Fortune 30 Under 30 Recognized as one of the most influential young leaders in technology. 2018 World Technology Award in IT Software Honored for contributions to blockchain and Ethereum’s development. 2021 Time 100 Most Influential People Recognized for his impact on the global crypto and blockchain ecosystem. 2022 Ethereum’s Transition to Proof-of-Stake Successfully led Ethereum’s transition from Proof-of-Work to Proof-of-Stake.
Other Useful links to connect with Vitalik Buterin
Platform Link X (formerly Twitter) https://twitter.com/VitalikButerin GitHub https://github.com/vbuterin Ethereum Official Website https://ethereum.org Vitalik’s Blog https://vitalik.ca EntrepreneurCrypto and Blockchain Expert recently acknowledged these issues and confirmed that efforts are underway to address them, which could impact Ethereum’s future direction.
With Pectra locked in for April, focus will soon shift to Fusaka and beyond, shaping the next phase of Ethereum’s evolution.
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