$ETH

Ethereum will launch a major update titled Pectra in the next five days, making it the most significant upgrade since Dencun last year. This was conveyed by a digital asset enthusiast on social media X, under the account name ‘Georgie Boy’.

In one of his latest posts, Georgie stated that this update is expected to bring significant changes in the way wallets, staking, and scalability of the Ethereum network will work going forward.

The Pectra upgrade includes several important asset proposals that will affect the general public, developers, and crypto asset investors. According to him, Pectra serves as the foundation for a new phase in the Web3 ecosystem.