Final test before the Ethereum network's Pectra is launched today
Pectra aims to allow users to pay gas fees with multiple tokens, including stablecoins like USDC.
It will also enable third-party fee sponsorship, allowing an entity to pay gas fees on behalf of the user — something that has become extremely important in second-layer scaling networks.
Additionally, Ethereum validators will have a significantly higher capacity for how many tokens they can stake — from 32 ETH to 2,048 ETH.
The increase will be coupled with more flexibility regarding when and how the staked Ethereum can be withdrawn.
Pectra will also lay the groundwork for Social Recovery, allowing users to rely on trusted contacts to help them regain access to a wallet from which they forgot or lost the key.
With this, many believe that Pectra will be the biggest update to Ethereum since The Merge and one of the largest in its history.
source: Bitcoin Portal
