At the core of the package lies Proto-danksharding, accompanied by additional enhancements for on-chain storage and minor code modifications pertaining to the Ethereum Virtual Machine.
The troubled crypto lender has recently placed $745 million worth of ETH into staking contracts within the past 48 hours, further straining the already extensive waiting period for deploying new validators onto the Ethereum network.
Kava's recent upgrade promises enhanced transaction speed and bolstered security measures, aiming to provide an optimized platform experience.
According to cryptocurrency analysts, the surge in ETH staking can be largely attributed to deposits from institutional staking platforms and the reinvestment of rewards.
According to preliminary data, the major staking platforms catering to institutional investors have reported a three-fold increase in new deposits compared to the previous month.
Following the Ethereum Shanghai upgrade, Ether has experienced a surge of over 9%, becoming the focal point of crypto markets during the week. Meanwhile, Bitcoin maintained its position above $30,000 with unwavering stability.
The requirement to update Ethereum clients arises as a result of the Bellatrix upgrade, which will allow the Beacon Chain to perform transactions.