Coin Bureau host Guy Turner lists two catalysts that could potentially spark a bullish run for Ethereum (ETH).
In a new video, Turner tells Coin Bureau’s 2.28 million subscribers sending two upcoming milestones could push the price of ETH higher.
According to Turner, one of the milestones is the proto-thank hardening upgrade.
“The biggest upcoming milestone for Ethereum is the EIP-4844 upgrade, popularly referred to as proto-thank hardening. The reason proto-thank sharding is a big deal is because it will basically allow Ethereum to reach a level of scalability comparable to centralized computing systems. This will be achieved by addressing Ethereum’s main scalability bottleneck, which is the availability of data…
Proto-thanks hardening solves this by allowing special blobs of data to exist on the Ethereum blockchain. These blobs make transactional data more readily available, which should increase Ethereum’s scalability, reduce costs, and increase transaction speeds at its layer-2.
The Coin Bureau host goes on to say that the second upcoming milestone for Ethereum is an effort to improve privacy.
“In addition to proto-thank hardening, Ethereum developers are apparently hyper-focused on privacy.
Back in January, [Ethereum creator] Vitalik [Buterin] wrote a blog post referring to privacy as “one of the biggest remaining challenges” in the Ethereum ecosystem and suggested stealth addresses as a solution.
In April, privacy on Ethereum came under the spotlight again due to alleged privacy concerns related to ETH strike.
Last month, Vitalik wrote another blog post noting privacy as one of the “three transitions Ethereum needs to implement or it will fail.”
The sudden focus on privacy is hardly surprising when you realize that institutional investors want more privacy than anyone else. And remember, the Shappella upgrade has increased institutional interest in ETH.”
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Image generated: Midway through the journey
