🔜Crypto-to-crypto trades like BTC to ETH will have 1% TDS.
🔜Selling crypto for fiat will also have 1% TDS.
🔜Buying crypto with INR will not have TDS.
🔜TDS will apply on Spot Trading and only the Sell option in One-Click Buy/Sell.
what's the lore behind FUSAKA UPGRADE 🧵
understand this before sending eth to $10K
FUSAKA = Fulu + Osaka
fulu: consensus layer upgrade
osaka : execution layer upgrade
we've got the name FUSAKA
but what's behind this FUSAKA 👀
FUSAKA is hard fork of Ethereum network with the aim to improve network scalability and reduce L2 costs.
but what is Hard Fork ?
hard fork = upgrade
same like when you update your mobile phone: you get new features but if you don’t update then your phone still works.
on the other hand
a hard fork is slightly different: it changes the rules.
everyone on the network must upgrade to follow the new rules otherwise you can't use the network.
FUSAKA main features is PeerDAS
but how it will benefit Ethereum ?
earlier every Ethereum node had to download and store the full L2 blob data.
but now nodes only need to sample small portions of each blob to verify its availability.
means less data taken then more scale > less cost > more speed > more individual can run nodes > good for decentralisation
but what is Blob khan bhai ?
understand blob as box containing hundreds or thousands of transactions bundled together.
earlier eth node were storing full box but now a portion of box is enough means it will take less storage and more benefits as explained above.
Anything else ?
yes this upgrade will increase block gas limit.
means more transactions per block → higher TPS → lower congestion → lower fees.
isn't it cool and good for Ethereum Ecosystem future !
if we talk about price action then ETH community liked this upgrade I guess as ETH is 20% up in last few days.
still i would say fundamentally it will make ETH better but short term price generally react on speculation rather than fundamental.
this is why it's important to understand basic PA.
That's it for FUSAKA UPGRADE.
hope you've learnt something
appreciate your feedback on this piece of writing 🫂
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