• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum to Introduce Pectra Upgrade in Two Phases to Improve Network

user avatar

by Giorgi Kostiuk

a year ago


  1. Developers Aim for Early Delivery
  2. Splitting the Upgrade Reduces Risk
  3. The Industry Views Pectra Upgrade Optimistically

  4. Ethereum developers are considering splitting the Pectra upgrade into two phases, which is expected to enhance the network’s efficiency and scalability. The first phase is anticipated to launch in early 2025.

    Developers Aim for Early Delivery

    During the Ethereum execution layer meeting on September 12, a developer indicated that if the upgrade is split, the goal is to release the first part as soon as possible, ideally in early next year.

    If we split, we want to release the first part of Pectra as soon as possible, ideally early next year.

    Splitting the Upgrade Reduces Risk

    It has been suggested that dividing the upgrade may present a safer option, as smaller forks typically carry less risk. The Pectra upgrade combines two separate upgrades: Prague and Electra. While the Prague upgrade focuses on modifications in the execution layer, the Electra upgrade impacts the consensus layer.

    Developer Danno Ferrin added, 'It only makes sense to consider a split if delivery is thought to be in the first quarter.'Danno Ferrin

    The Industry Views Pectra Upgrade Optimistically

    Galaxy crypto researcher Christine Kim believes that due to the complexity of the current Pectra fork and the desire to add more to the upgrade, a split is likely. Developers will make the final decision on this matter during the next Ethereum All Core Developers (ACD) call on September 19.

    If developers split the upgrade into two hard forks, the scope of the Pectra upgrade could dramatically change.Christine Kim

    The division of the Pectra upgrade presents both opportunities and challenges for the Ethereum community. While a quicker and less risky update can contribute to the network’s short-term growth, the expansion of scope and increased complexity may affect long-term goals. The decisions made by developers will be critical in determining the future scalability and functionality level of Ethereum.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Oil Prices Fluctuate Following False Social Media Post

chest

A social media post by US Energy Secretary Chris Wright led to a temporary drop in oil prices, which quickly rebounded after reports of Iranian mine deployment in the Strait of Hormuz.

user avatarRajesh Kumar

Trump Issues Strong Warning to Iran Over Strait of Hormuz

chest

President Trump escalated tensions with Iran, demanding the removal of mines in the Strait of Hormuz and warning of unprecedented military consequences if they do not comply.

user avatarGustavo Mendoza

Bybit Prevents $300 Million in Unauthorized Withdrawals Amid Rising Crypto Theft

chest

Bybit has blocked over $300 million in unauthorized withdrawals, highlighting ongoing challenges in crypto theft.

user avatarMiguel Rodriguez

Altcoin Market Shows Early Signs of Stabilization

chest

Recent data indicates that parts of the altcoin market, particularly Total3, are beginning to stabilize despite ongoing geopolitical tensions.

user avatarLuis Flores

Bitcoin Surges Above 70K Amid Mixed Market Signals

chest

Bitcoin's price recovery above $70,000 has sparked renewed interest and discussions on social media, despite ongoing market uncertainties.

user avatarArif Mukhtar

Cardano's DeFi Activity Surges with New Stablecoin Integration

chest

Cardano has experienced a significant rise in DeFi activity, with total value locked increasing from 447 million ADA to 552 million ADA in 12 days, following the integration of the USDCx stablecoin.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.