In the first quarter of 2025, Ethereum will welcome the Prague/Electra upgrade, abbreviated as the Prague upgrade or Pectra upgrade, marking the next milestone for Ethereum. Unlike previous major upgrades, the Pectra upgrade does not have a prominent main objective but focuses on multiple technological improvements and optimizations. Here are the important aspects that this upgrade will involve.
(1) Significant improvements to Ethereum's scalability, including shard technology and L2 solutions like rollups.
(2) Enhanced security and stability for Ethereum through advanced cryptographic techniques and improvements to the PoS protocol.
(3) Developers will benefit from new programming languages, improved tools, and streamlined smart contract deployment.
(4) Users can expect a more intuitive and user-friendly experience, lower gas fees, and a more friendly wallet interface.
(5) The upgrade will continue to address environmental issues, making Ethereum more energy-efficient and sustainable.
Follow me for more information and consultation in the cryptocurrency space.