• 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

2 years 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

Financial Report Utilizes Data from HKMA and HKEX

chest

A financial report has been compiled using information from the Hong Kong Monetary Authority (HKMA) and Hong Kong Exchanges and Clearing Limited (HKEX). This report aims to provide accurate insights for stakeholders in the financial sector.

user avatarRajesh Kumar

Texas Brothers Admit Guilt in $8 Million Crypto Heist

chest

Texas brothers plead guilty to robbing a Minnesota family of over $8 million in cryptocurrency at gunpoint.

user avatarLucas Weissmann

Wrench Attacks on Crypto Holders Surge Amid Rising Violence

chest

The recent robbery of a Minnesota family by two Texas brothers highlights a troubling trend of wrench attacks on cryptocurrency holders, prompting law enforcement to raise alarms and investigate these violent crimes.

user avatarFilippo Romano

Franklin Templeton Files for Bitcoin DRIP ETFs

chest

Franklin Templeton has filed with the SEC to launch two ETFs that reinvest dividends into Bitcoin.

user avatarEmily Carter

Australia's High Court Sets Precedent for Crypto Yield Products

chest

Australia's High Court rules in favor of ASIC, classifying Block Earner's fixed-yield product as a financial product and derivative, clarifying the regulatory framework for crypto yield products.

user avatarTomas Novak

Kentucky Attorney General's Office Emphasizes Strict Editorial Standards

chest

The Kentucky Attorney General's Office has released a report emphasizing strict editorial standards focusing on accuracy, relevance, and impartiality.

user avatarKaterina Papadopoulou

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.