• 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

Crypto Market Shows Mixed Trends Amidst Uncertainty

chest

The crypto market is experiencing mixed trends, with Cronos and PEPE facing challenges while BlockDAG sees significant interest.

user avatarMohamed Farouk

Trump's $51 Million Bond Investments Raise Conflict of Interest Concerns

chest

Trump's financial disclosure reveals at least $51 million in municipal and corporate bonds, raising conflict of interest concerns.

user avatarMaya Lundqvist

Chainlink Crypto Maintains Support Despite Resistance

chest

Chainlink crypto shows signs of selective accumulation during pullbacks, but faces resistance near 14. Overall outlook remains cautious with downside risk closer to 12.90.

user avatarLeo van der Veen

Hedera Network Upgrades Drive Stable Interest in HBAR

chest

Hedera's recent mainnet upgrades have kept HBAR trading steadily, reflecting ongoing interest from traders.

user avatarLi Weicheng

Cardano Partners with Grant Thornton for New Financial Audit

chest

Cardano Foundation has partnered with Grant Thornton to launch a comprehensive financial audit to enhance transparency and accountability in the finance sector.

user avatarAisha Farooq

Community Backlash and Regulatory Interest in AI Deepfakes

chest

The recent emergence of AI-generated deepfake videos featuring the cast of Stranger Things has led to significant community backlash, particularly due to the lack of an official response from Netflix. Fans have expressed their dissatisfaction, labeling the videos as creepy and disturbing. This situation has prompted discussions about the ethical implications of AI in content creation and has raised calls for regulatory action.

user avatarTenzin Dorje

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.