Ether’s market value increased by 42%, surpassing Coca-Cola and Alibaba after Ethereum applied the pein update, improving the layer of layer 2 and the verified characteristics.
Ether’s market value increased 42% in five days due to the triumphant debut of Ethereum’s sicking update in its main netnet.
On May 12, the market capitalization of the data data company 8 indicates that Ether exceeds Coca-Cola and Alibaba, qualifying as the largest 39 asset in the world around $ 2,550 at the time of reporting reports, with a market value to exceed $ 308 billion.
On the contrary, Coca-Cola is quoted to around $ 70, with a market value of $ 303.5 billion. Alibaba shares are quoted at approximately $ 125, with a market value of $ 303.7 billion.
The recent increase in ETH prices occurred shortly after an update of the network that facilitated data storage of layer 2 solutions and improved experience for validators and users of smart wallets.
Ethereum launches the tong update in Mainnet
Initially planned for March 2025, Pin experienced setbacks after technical problems during the tests occurred.
On February 24, the update was launched in Holesky Testnet of Ethereum. After the launch, the update did not end correctly, so the developers analyzed the problem and worked to solve it. On March 5, the tong update was introduced into the Testnet sepolia, but the developers faced errors that worsened an attacker that caused empty blocks to be extracted.
To prepare for update, Ethereum developers created a new test network called ‘Hoodi’ before starting update on the main network on May 7.
With the update, the regular accounts (EOA) can now act as intelligent contracts, which allows them to pay gas rates and make payments using different ETH tokens. In addition, the amount of ETH required for the validator reference rose from 32 ETH to 2,048 ETH, which facilitates the great daggers. The update also increased the number of data BLOBS per block, improving scalability for layer 2 networks.
According to Coingcko reports, after the update, the ETH price has increased. On May 7, they currently quote ether to around $ 1,786. On May 12, Ether reached up to $ 2,550, expressing an increase in value of 42%.
Post-Electra update high security risks
Stay, the update opened security empty. After the update, cybersecurity analysts have warned that attackers could take advantage of a new type of payment to manage EOA without users signing chain payments.
Solidity Smart Contract Auditor Arda Usman had previously warned Cointelegraph that these weaknesses could allow attackers to steal funds using signed messages outside the chain.
Read also:- The expert perspective becomes optimistic with Bitcoin about $ 104k
Discharge of responsibility: In Bitcoinik.com we present the most recent information in the encryption market. However, this information should not be considered as financial advice, and viewers must consult their financial advisors before investing.
