Ethereum's Pectra upgrade is a significant update that brings numerous improvements to the network, enhancing user experience, scalability and security. Here are the key features:
- Smart Accounts: Enables regular accounts to temporarily act like smart contracts, allowing for:
- Transaction Bundling: Group multiple actions into one transaction
- Gas Sponsorship: Let someone else pay for transaction fees
- Automatic Payments: Set up smart security rules and automatic payments
- Larger Validator Balances: Raises the maximum validator balance limit to 2,048 ETH, benefiting institutional players and large staking services by:
- Reducing Validator Nodes: Fewer nodes required, decreasing hardware demands and network congestion
- Increased Efficiency: More scalable and efficient Ethereum network
- Faster Validator Onboarding: Introduces faster validator onboarding through optimized deposit systems, increasing decentralization and allowing more participants to join the network
- Enhanced Layer-2 Support: Doubles data space for Layer-2 rollups, increasing blob capacity and enabling:
- Faster Transactions: More transactions processed at lower costs
- Improved Scalability: Better performance for DeFi apps running on Layer-2 networks
- Other Improvements:
- Increased Calldata Cost: More efficient data handling and reduced network congestion
- Execution Layer Triggerable Exits: Easier validator exits and withdrawals
- Precompile for BLS12-381: Enhanced cryptographic operations and improved security
These updates aim to make Ethereum more user-friendly, scalable and attractive for large-scale investors and developers, particularly in the DeFi space