If you only use crypto, then all your transactions are on-chain. (It doesn't matter which blockchain, you can use multiple/any.)
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Ethereum developers have officially set test dates for Pectra, the network's first upgrade in 11 months, putting it on track for a potential April release date.See all newslettersPectra will contain an array of improvements — with a special focus on wallets and validators — but it comes at a period of heightened scrutiny for Ethereum, which has recently faced pressure from its community to refocus and catch up with competitors.Ethereum's core builders decided on Thursday during their bi-weekly "All Core Developers" call to begin testing Pectra on Feb. 26 on the Holesky testnet, with a follow-up test on the network's Sepolia testnet slated for Mar. 5.Should those tests succeed, the developers will reconvene on Mar. 6 to determine when to launch the upgrade officially. According to Tim Beiko, the protocol support lead at the Ethereum Foundation, developers expect the upgrade to hit mainnet in early April.EMBED: https://x.com/timbeiko/status/1887506524756717747?s=46&t=LcdHxOgtVViJTm8qmgGf-gPectra include eight major improvements to the second-largest blockchain. Among the most-anticipated is EIP-7702, which is supposed to improve the user experience of crypto wallets. The idea is part of a broader blockchain trend called account abstraction, which encompasses a series of features meant to make using wallets less clunky (for instance, by allowing users to pay gas fees in currencies other than ETH). In this case, addresses on Etheruem known as externally owned account (EOAs) — which includes most user-controlled crypto wallets — will be reconfigured to support smart contract functionality, opening the door for wallet developers to offer a range of quality-of-improvements to their users.Another major Pectra feature, EIP-7251, will let validators increase the amount they can stake — from 32 to 2,048 ETH. The change is supposed to help large validators consolidate their node operations (currently, staking more than 32 ETH requires using multiple nodes). It will also help speed up the process of setting up a new node — today's system has led to weeks-long queues for validators to spin up new infrastructure.The Ethereum community has been facing an identity crisis over the last few weeks. Its native token, ether (ETH), is underperforming against other cryptocurrencies, and competitor networks like Solana have drawn attention and talent from the Ethereum ecosystem — the first-ever programmable blockchain and still the most trafficked. Amid the controversy — much of it directed at the Etheruem Foundation, which coordinates chain upgrades and is currently undergoing a major leadership shuffle — developers are hoping that Pectra will help put the network on steadier footing.Ethereum Developers Finally Schedule ‘Pectra’ Upgrade
Czech President Petr Pavel signed a bill on Thursday exempting crypto users from paying taxes on long term gains, a spokesperson from the country's Ministry of Finance told CoinDesk on Thursday.See all newsletters"The principle is if cryptoassets are held for more than three years, their sale will not be taxed, or transactions up to CZK 100,000 [$4,136] per year will not be obliged to report in the tax declaration, similar to securities," the spokesperson said.The Czech Republic's Digitalization of the Financial Markets Act is now at the final stage of the legislation process and will take a week or two to be officially published. The country is a member of the European Union (EU).One week ago, a proposal by Czech National Bank Governor Aleš Michl that the central bank consider adding additional assets, like bitcoin, to its reserves was approved by the bank board.The move was not well received by the president of the European Central Bank, Christine Lagarde, who said she's confident bitcoin won't be entering the reserves of any of the EU central banks.
Strategy (formerly MicroStrategy) is set for a $12.75 billion boost to its balance sheet after adopting new FASB fair value accounting rules for its bitcoin holdings, analysts at research and brokerage firm Bernstein said.Ether’s share of the total crypto market cap has now dropped to a four-year low, and Ethereum will continue to face “intense competition” from rival Layer 1 blockchains like Solana as well as lower-fee Layer 2 networks, JPMorgan analysts led by Nikolaos Panigirtzoglou said.
