#PectraUpgrade
The Ethereum Pectra upgrade is a significant technical improvement scheduled for implementation. Here's what you need to know:
*Key Features:*
- *Enhanced Scalability*: Increases transaction capacity, allowing Ethereum to process more transactions per second.
- *Reduced Transaction Fees*: Optimizes data processing and storage management to decrease gas fees.
- *Improved Security*: Implements advanced cryptographic techniques for smart contracts and user data.
- *Smart Accounts*: Enables regular user accounts to be temporarily converted into smart contract accounts for more flexibility.
*Key Ethereum Improvement Proposals (EIPs):*
- *EIP-7251*: Increases the maximum validator balance from 32 ETH to 2,048 ETH, reducing validator count and improving network efficiency.
- *EIP-7702*: Allows externally owned accounts to temporarily behave like smart contract accounts, enabling features like transaction batching and gas sponsorship.
- *EIP-7691*: Doubles the blob capacity per block, improving data availability and reducing Layer 2 transaction costs.
- *EIP-7002*: Enables validators to trigger their own exits from the network through the execution layer, improving staking flexibility.
*Impact:*
- *Faster and Cheaper Transactions*: With increased scalability and reduced fees, Ethereum becomes more user-friendly and efficient.
- *Enterprise-Grade Staking*: Improved staking architecture makes it more scalable, flexible, and developer-friendly.
- *Better Interoperability*: Enhanced integration with Layer 2 solutions improves overall network performance ¹ ².
