Shocking! The Ethereum Pectra upgrade brings revolutionary changes, but the hidden enormous risks are alarming!

Ethereum Pectra Upgrade: Innovation and Risk Coexist, Future Trends Uncertain

On May 7th, Ethereum welcomed its most important upgrade since the 'Merge' - Pectra. This highly anticipated upgrade not only enhances wallet flexibility but also improves data processing and staking mechanisms. For developers, Pectra is a revolutionary advancement, but with the introduction of new features, there are also significant risks that cannot be ignored.

Key Features of the Pectra Upgrade:

EIP-7702 makes wallets smarter, supporting multiple transaction signatures, wallet recovery features, and can exempt Gas fees under third-party payments.

EIP-7251 increases the staking cap from 32 ETH to 2,048 ETH, promoting the participation of large institutional validators.

EIP-7691 expands blobspace, providing faster and cheaper transaction support for Layer 2 solutions.

Although these features enhance Ethereum's capabilities, they also complicate security issues. For instance, EIP-3074 introduces new instructions that allow smart contracts to operate on behalf of users, which means that once a malicious contract is signed, it could lead to the wallet being emptied. Additionally, EIP-7702 could also inadvertently allow users to authorize unknown contracts, increasing security risks.

Market Reaction:

After the upgrade, the ETH price saw a slight increase, but there were no violent fluctuations. Analysts believe that these upgrades are more about laying the groundwork for future development rather than immediately sparking market enthusiasm.

Summary:

The Ethereum Pectra upgrade provides users and developers with more control, but it also brings more complexity and risks. While the price performance remains stable in the short term, the long-term development prospects are more complex. For users, mastering the use of new features while cautiously guarding against potential risks will be key in the coming weeks.