Ethereum has announced the Pectra upgrade, promising to be a significant step forward in the network's development by combining two major updates.
What Is the Pectra Upgrade?
The Pectra upgrade, following the Prague and Electra releases, is considered the largest code update since Ethereum's Merge. It aims to enhance the staking process, wallet functionality, and overall user experience.
User and Ecosystem Changes
One of the key changes focuses on account abstraction: wallet addresses will function more like applications with smart rules and improved recovery features. These improvements aim to make Ethereum more user-friendly, especially for those unfamiliar with blockchain technology.
Pepeto's Potential for Ethereum
Originally emerging as a meme, Pepeto is evolving into an infrastructure for supporting meme tokens. Pepeto’s plans include building PepetoSwap for fast peer-to-peer trading and launching a dedicated exchange to evaluate meme tokens. This could help Ethereum attract new users while alleviating pressure on the core network.
The Pectra upgrade and the development of Pepeto may serve as crucial steps for Ethereum in delivering a higher quality user experience and bringing new participants into the market.
