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

Pectra Upgrade: Ethereum Announces Release Date

user avatar

by Giorgi Kostiuk

2 years ago

Ethereum has announced the timeline for its next major upgrade named Pectra, aimed at substantially enhancing the blockchain's speed and efficiency.

Key Features of Pectra

The Pectra upgrade includes eight significant improvements or 'Ethereum improvement proposals' (EIPs). One of the most notable upgrades, EIP-7702, is expected to enhance the user experience by allowing wallets to be programmable like smart contracts. Another major upgrade, EIP-7251, will increase the maximum validator stake from 32 to 2,048 ETH, simplifying the staking process for network participants.

The upgrade, reportedly sketched out by Ethereum co-founder Vitalik Buterin in a mere 22 minutes, enables user wallets to be programmed like smart contracts.CITE_W_A

Developers' Planning History

Pectra was set to be Ethereum's largest hard fork to date, but some elements were stripped down from early plans. In September, developers decided that the original plans for Pectra were too ambitious, agreeing to split the update package into two parts.

Experimental Testing on Test Networks

Developers plan to test Pectra on Ethereum's Sepolia and Holesky test networks throughout February. If successful, the update will be implemented on the mainnet in early or mid-March.

The Pectra upgrade promises multiple enhancements for the Ethereum network. It aims to address existing user issues, increasing the platform's convenience and performance.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Render Completes 98% Migration to Solana

chest

Render Foundation announces that 98.4% of the RNDR token supply has successfully migrated to the native RENDER token on Solana.

user avatarNguyen Van Long

United Stables U Token Surpasses 1 Billion Market Cap

chest

The United Stables U token has achieved a significant milestone by surpassing a market capitalization of 1 billion, supported by Chainlink Data Feeds for pricing and collateral data.

user avatarSatoshi Nakamura

Market Confidence in NIGHT Token at Risk Following Exploit

chest

The market's confidence in the NIGHT token is at risk as traders assess the implications of the Wanchain bridge exploit.

user avatarRajesh Kumar

Wanchain Bridge Exploit Results in Major Loss for NIGHT Token

chest

A significant exploit on the Wanchain bridge resulted in the loss of 515 million NIGHT tokens, causing a sharp decline in the token's market value.

user avatarJesper Sørensen

MiCA Framework Enhances Ripple's Business Prospects

chest

The MiCA framework provides a unified regulatory regime for crypto service providers, benefiting Ripple's operations.

user avatarLucas Weissmann

Ripple's MiCA Approval Signals Industry Trend

chest

Ripple's MiCA approval reflects a broader trend of crypto companies seeking European regulatory footing.

user avatarFilippo Romano

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.