After a wait, the developers #Ethereum have officially set the time for the next major upgrade named #pectra , expected to be implemented in March 2025. This is an important upgrade, promising to improve speed, performance, and user experience on the second largest blockchain in the world.
Highlights of Pectra
Pectra combines 8 major Ethereum upgrade proposals (EIPs), of which two notable changes include:
EIP-7702: Wallet as smart contract
This proposal, outlined by Vitalik Buterin in less than 30 minutes, will bring programmability to user wallets like smart contracts. This is a step forward in the 'account abstraction' strategy, making it easier to set up and use wallets on $ETH easier than ever.EIP-7251: Increase staking limit for validators
The staking limit will increase from 32 ETH to 2,048 ETH, allowing validators not to have to split their assets across multiple nodes. This change not only reduces hassle but also shortens the time to set up new nodes.
Pectra – A cautious yet important step
Although it is the first major upgrade since the Dencun in 2024, Pectra has been scaled back from the original plan to avoid overload. Testing will take place on the Sepolia and Holesky testnets in February 2025, before officially launching on the mainnet in early or mid-March 2025.
The significance of Pectra
As a hard fork - the largest form of blockchain upgrade, Pectra not only improves user experience but also opens up potential for many new applications on Ethereum. This move is expected to boost community confidence and affirm Ethereum's position in the crypto space.
Will Pectra bring a new wave to Ethereum? Get ready for explosive changes in 2025! #anhbacong