Shocking! Ethereum's Major Upgrade! Pectra Successfully Activated on May 8, Leading a New Era for Blockchain!

On May 8, Ethereum's mainnet successfully activated the Pectra upgrade, marking the largest update since the Merge in 2022! This upgrade brings revolutionary changes, covering 11 EIP proposals, comprehensively enhancing user experience, staking mechanisms, and Layer 2 scalability.

User Experience Further Upgraded:

EIP-3074 and EIP-7702 achieve account abstraction, simplifying the transaction process, allowing users to pay Gas fees with any token, and enabling recovery of lost private keys through social contacts.

Staking Mechanism Major Reform:

EIP-7251 raises the staking limit for validator nodes to 2048 ETH, providing both institutions and small stakers with more flexible staking options, while the node activation time is reduced from 12 hours to 13 minutes.

Layer 2 Transaction Costs Plummet:

The proto-danksharding technology introduced by the Dencun upgrade doubles the Blob data capacity of each block, expected to reduce transaction costs on Rollup chains like Arbitrum by over 90%!

Stronger Decentralization:

Multiple technical improvements enhance network security and decentralization, paving the way for future decentralized applications!