This is a combination of improvements to the execution layer (Prague) and consensus (Electra) that brings powerful features, especially for users and developers.
Highlights:
Smart accounts (EIP-7702): Your wallet can now function as a smart contract. This means gas payments in tokens other than ETH and social recovery.
Lower fees: The space for blobs (temporary data) is doubled, which reduces the cost of transactions in layer 2 solutions.
Better staking: The validation limit is increased to 2048 ETH, simplifying the process and improving efficiency for large operators.
Since the new update, Ethereum has experienced a pretty good rise
