Ethereum's Pectra upgrade is poised for launch on testnets Holesky and Sepolia. The mainnet could receive it in April, following successful testing.
Pectra Upgrade Plans
Ethereum's Pectra upgrade will begin with the launch on testnets Holesky and Sepolia, aiming to enhance network capabilities. Holesky will update on February 24, 2025, followed by Sepolia on March 5, 2025.
Testnet Details and Mainnet Launch Possibility
If Holesky and Sepolia testnets update successfully, the mainnet will receive the upgrade in April. The exact date for the mainnet will be decided on March 6 during the All Core Developers call.
Impact on the Crypto Market
Pectra's upgrade could be a significant move for Ethereum, given recent ETH struggles compared to other cryptocurrencies. A mainnet launch might influence ETH pricing amid speculation.
The Pectra upgrade has the potential to be a pivotal event for Ethereum in 2025, providing enhancements for validators and wallets. It's expected to be the next major development phase for the network.