Ethereum’s Pectra Upgrade:
$ETH Facing the Heat 🔥Ethereum’s Pectra Upgrade, launched May 7, 2025, is a game-changer with 11 EIPs boosting scalability and wallet functionality 🚀. Features like EIP-7702 enable smart wallets, and EIP-7251 raises staking limits to 2,048 ETH. But it’s not all smooth sailing! 🌊Critics are vocal about potential pitfalls. Security experts warn that new capabilities, like account abstraction, could introduce bugs or vulnerabilities 🐛, especially after testnet issues delayed the launch. Solana’s co-founder has slammed Pectra, arguing it fails to address Ethereum’s high Layer 2 fees and complexity, potentially losing ground to competitors 🥊. Centralization concerns also loom, as higher staking limits might favor large validators, risking network decentralization 😟. Economically, miners and validators face uncertainty with shifting fee structures 💸. Despite these gripes, Pectra’s 20% ETH price surge to $2,400 shows market optimism 📈. Can Ethereum balance innovation and stability? Time will tell! ⏳
