Ethereum (ETH) has slid over 5% in the past 24 hours after a short lived rally seen across the crypto market. Yet, recent news about Vitalik Buterin’s plans for a massive update to the Ethereum network, has led to speculation about a possible price breakout in the near future.

With discussion centered primarily around gas and consensus mechanisms, many Ethereum whales have started to explore JetBolt (JBOLT), a revolutionary new altcoin powered by Skale Network’s zero-gas technology.

What is the Verge?

The Verge is a proposed upgrade to the Ethereum network designed to decrease the hardware requirements and financial barriers for validators. According to Buterin, the update could allow users of devices like smartphones and even smartwatches to participate directly in Ethereum’s consensus model.

The update will introduce “stateless verification”, a ZK-powered mechanism that will allow nodes to validate blocks and transactions without storing the entire blockchain. The Ethereum blockchain currently exceeds 1 terabyte in size, forcing most validators to run their nodes on specialized hardware.

The change will also pave the way for a decrease in the minimum staking amount which currently sits at a prohibitive level of 32 ETH (over US$ 80,000).

Other exciting new features include the introduction of multidimensional gas, specifically designed to complement these updates.

What will the Verge mean for Ethereum Price?

The Verge together with its accompanying updates are aimed at increasing the efficiency of the Ethereum blockchain. Vitalik’s focus appears to be targeted at building infrastructure that can handle a massive amount of transactions, possibly with an eye towards a new bull run.

The planned upgrade also works to reduce Ethereum’s reliance on staking services offered by the likes of Coinbase, Binance, Rocket Pool, and Lido. While these services allow users to stake Ethereum without the financial and hardware burdens, they also have been criticized for increasing the centralization of the Ethereum blockchain, making the underlying consensus mechanism more dependent on these brokers.

However, Ethereum’s recent network activity has been sluggish at best. Recently rival chain Solana (SOL) has surpassed Ethereum in daily fees for validators, and these changes will likely make Ethereum more efficient thus further reducing the fees for validators.

Therefore, in the short term, these updates will likely reduce the price of the Ethereum. This is because less ETH will be needed to cover transaction costs.

However, in the long term, as DeFi adoption increases, Ethereum is positioning itself to maintain its dominant position in the market, by solving fundamental blockchain issues.

How does JetBolt address similar issues?

Amidst a flurry of news about Ethereum’s updates, a new altcoin is gaining attention: JetBolt (JBOLT).

JetBolt aims to break the mold in the world of crypto by disrupting key points of friction in the blockchain space. Instead of reducing gas fees and increasing transaction speeds, JetBolt offers something revolutionary. Zero gas fees and instant transaction finality.

According to their website, JetBolt wants to power the next generation of crypto applications. On testing their token and website, it is clear that they mean business.

JetBolt has completely re-engineered the conventional cryptocurrency wallet, creating a vastly more user friendly experience.

With a crypto bull run on the horizon many dApp developers could turn to JetBolt to create seamless blockchain applications designed to cater to Web2 users over crypto natives.

Conclusion

As Ethereum continues to position itself as an innovator, Vitalik appears to be building a blockchain capable of catering to millions or possibly even billions of users. Yet new contenders like JetBolt are turning this narrative on its head.

With a pressale that has already sold over 40 million tokens, JetBolt is gaining traction and the attention of many crypto whales. As JetBolt tokens fly off the shelves, many are viewing the presale as an early opportunity to accumulate tokens at discounted prices.

A new crypto bull run could be fast approaching, and so both Ethereum and JetBolt are worth keeping an eye on.

If you are interested in early stage crypto projects, you can learn more about JetBolt at the links below:

Official JetBolt Website: jetbolt.io Telegram Channel: https://jetbolt.io/telegram X/Twitter Page:https://x.com/JetBoltOfficial

This article does not contain any financial advice. Always conduct your own independent research before making any cryptocurrency purchases. Cryptocurrencies are inherently risky and unpredictable. 

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.