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Ethereum Developer Proposes Final Changes for Cancun Upgrade, ETH Price Soars

An Ethereum developer proposed final changes to the upcoming Cancun upgrade, which has been a topic of discussion among developers for months. The main focus of the recent "All Core Developers Consensus Call" was on blobs, chunks of data that can be added to the Ethereum blockchain. The developer conducted an experiment to test the network's ability to handle large blocks with additional data and suggested increasing the maximum number of blobs per block and reevaluating the deadline for receiving blocks. The team also discussed making modifications to EIP-4788 to control the growth of the blockchain's state. These developments could have a positive impact on the price of ETH, which has been growing in value and velocity over the last few days.

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