Daily Hodl Staff
Coin Bureau host Guy Turner is listing two catalysts that could potentially trigger a bullish run for Ethereum (ETH).
In a new video, Turner tells Coin Bureau’s 2.28 million subscribers that two upcoming milestones could send “could send ETH’s price higher.”
According to Turner, one of the milestones is the proto-danksharding upgrade.
“The biggest upcoming milestone for Ethereum is the EIP-4844 upgrade which is colloquially referred to as proto-danksharding. The reason why proto-dank sharding is a big deal is because it will basically 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. These blobs make transaction data more readily available which should increase Ethereum scalability, lower its fees and increase transaction speeds on its layer-2s.”
The Coin Bureau host further says that the second upcoming milestone for Ethereum is an effort to enhance privacy.
“Besides proto-danksharding, Ethereum developers have apparently been hyper-focused on privacy.
Back in January, [Ethereum creator] Vitalik [Buterin] penned a blog post where he referred to privacy as ‘one of the largest remaining challenges’ in the Ethereum ecosystem and proposed stealth addresses as one solution.
In April, privacy on Ethereum came into the spotlight again because of supposed privacy concerns related to ETH staking.
Just last month, Vitalik penned another blog post where he noted privacy as being one of the ‘three transitions that Ethereum must implement or else it will fail.’
The sudden focus on privacy is not all that surprising when you realize that institutional investors want privacy more than anyone else. And remember that the Shappella upgrade has increased institutional interest in ETH.”
I
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
