$ETH
Ethereum developers set May 7 as the target date for the long-awaited Pectra upgrade, beginning the countdown for the blockchain's biggest changes since March 2024.
The decision to schedule Pectra was made during a call between Ethereum's core developers – just over a week after the upgrade went live on the Hoodi testnet without any hiccups
🔥Pectra consists of 11 major code changes, or "Ethereum improvement proposals" (EIPs), that will be shipped all at once. Together, the features aim to improve the🔥 staking experience, introduce wallet features, and💯 update the overall network.
One of the main Pectra changes that will benefit Ethereum validators is EIP-7251, which will increase the amount of ETH one can stake from 32 to 2,048. The change is meant to alleviate the experience for those staking across multiple validators, who can now set that up under one node instead of multiple.🎇