๐ผ๐ฅ๐๐๐ฃ๐๐ฆ๐ ๐ธ๐๐ฅ๐๐ง๐๐ฅ๐๐ค โโ๐๐๐ฅ๐ฃ๐โ ๐๐ก๐๐ฃ๐๐๐, โ๐๐๐ค๐๐๐ ๐๐๐ฉ ๐๐ฅ๐๐๐ ๐ฅ๐ 2,048 ๐ผ๐โ
Ethereum has successfully activated its highly anticipated "Pectra" upgrade, marking the most significant enhancement to the network since the 2022 Merge. This upgrade introduces several key improvements aimed at streamlining staking processes, enhancing wallet functionality, and improving overall network efficiency.
Key Highlights:
Increased Staking Limit (EIP-7251): The maximum amount of ETH that a validator can stake has been raised from 32 ETH to 2,048 ETH. This change allows validators to consolidate their stakes, reducing the need to manage multiple validator nodes and thereby decreasing operational complexity and costs.
Enhanced Wallet Functionality (EIP-7702): Wallets can now temporarily function as smart contracts, enabling features such as paying transaction fees with stablecoins, setting up automatic payments, and implementing wallet recovery options. This advancement moves Ethereum closer to achieving full account abstraction, aiming to make user interactions more intuitive and secure.
Network Efficiency: By allowing larger staking amounts per validator, the network reduces bandwidth usage and simplifies the staking process, benefiting both individual stakers and institutional staking providers.
The Pectra upgrade was activated at 10:05 UTC and is expected to finalize within approximately 15 minutes. This development comes at a time when Ethereum faces increasing competition from other blockchain networks like Solana and internal discussions regarding its strategic direction. In response, the Ethereum Foundation has introduced new leadership and plans to revitalize the developer community.
