$ETH

Pectra is the next major upgrade for Ethereum

involving changes to the execution layer (Prague) and consensus layer (Electra).

After a tumultuous experience with the Pectra testnet upgrade,

it was finally confirmed to activate the Pectra mainnet upgrade on May 7 at 10:05 UTC.

This upgrade will bring critical improvements to staking, Layer 2 scalability,

and user experience (UX),

and lay the groundwork for future changes.

Key changes include:

Increasing the staking limit for validators, flexible staking withdrawals,

enhancements to account abstraction, and increased blob throughput

to improve network efficiency and security.

Additionally, the recent "RISC-V" upgrade replaces the previous EVM.

The old and new EIPs require extensive testing and debugging to address

uncertainties regarding the execution of the old EVM code translation.

In the short term, there may be many concerns and issues,

but at least there is now a target direction,

unlike the past where progress was stagnant.