The second update, dubbed Hegota, is expected to be announced in February.

The developers hope that Glamsterdam will significantly reduce the potential for block manipulation and abuse. Hegota is designed to focus on a new data structure designed to help Ethereum nodes store and verify large volumes of data more efficiently.

The developers accelerated the release of updates after criticism from Ethereum users at the beginning of the year. Critics of the blockchain of the second-largest cryptocurrency by market capitalization claimed that the updates were lagging behind the rapid growth of the network and new security requirements.

In early December, Ethereum recorded a performance record, processing 32,950 transactions per second (TPS). This result surpassed the previous weekly high of 31,000 TPS. The record was set a day before the network upgrade known as Fusaka.

Ethereum co-founder Vitalik Buterin recently cited decentralization as the network's core operating principle and stated that traders' mistrust of centralized exchanges has increased due to data leaks and hacks.