Ethereum's Major Upgrade Approaches

Pectra is the next major upgrade for Ethereum, involving changes to the execution layer (Prague) and the consensus layer (Electra). After a tumultuous series of events during the testnet Pectra upgrade, it has been finalized to activate the Pectra mainnet upgrade around May 7th, 10:05 UTC.

This upgrade will bring critical improvements to staking, Layer 2 scalability, and user experience (UX), laying the groundwork for future transformations.

Key changes include: increasing the staking cap for validators, flexible staking withdrawals, enhancements to account abstraction, and increased blob throughput to improve network efficiency and security. $ETH