According to Odaily, Ethereum developers have set May 7 as the target date for the Pectra upgrade, marking the countdown to the blockchain's most significant transformation since March 2024. The Pectra upgrade includes a series of optimizations aimed at enhancing Ethereum's user-friendliness and efficiency. One notable improvement is the addition of 'smart contract' functionality to wallets, which will make them easier to use and recover. Another major change is EIP-7251, which will benefit Ethereum validators by increasing the amount of ETH that can be staked from 32 to 2,048.

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