Ethereum is gaining momentum ahead of the upcoming Pectra update. Vitalik Buterin has revealed key details about the update, one of which is the confirmed date of March 2025.
In addition to the confirmed date, the co-founder of Ethereum
Pectra, expected in March, will raise the BLOB target from 3 to 6, doubling the capacity of L2S.
In my opinion, we should also make the Blob target voted on by Stakers, so it can increase support for technological improvements without waiting for hard forks.
- Vitalik.eth (@vitalikbuterin) February 4, 2025
This announcement came after statistics showed that Ethereum's gas limit had surpassed 32 million. The increase in the gas cap is significant because it allows validators to handle more transactions in each block.
The good news is that almost half, 49.5%, of Ethereum blocks show support for raising the gas cap.
The co-founder of Ethereum also mentioned significant progress on Ethereum Improvement Proposal (EIP) 4444. The proposal will make old data expire and move towards a stateless system. It will introduce a new binary tree plan.
The Pectra Update - Details
The update focuses on helping Ethereum users. It is apparently intended to make the Ethereum network faster, more scalable, and easier to use. Additionally, tools like Verkle Trees and Peerdas would reduce costs.
Now to the technical part. For the state, this update involves up to 20 changes called Ethereum Improvement Proposals (EIPS). The update has been divided into two parts.
Pectra is temporarily alleviating scaling issues by increasing the number of blobs for data availability from three to six.
Mallesh Pai, a senior research head at Consensys, says that the plan to double the blobs was not considered just six months ago. However, even with this change, it will not be enough to handle the high demand for L2S.