Ethereum $3,332 developers have revealed the timeline for a significant upgrade named Pectra, aimed at boosting the speed and efficiency of the second-largest blockchain network. During a virtual developer meeting held on Thursday, the Ethereum core team set the target launch date for this upgrade to March 2025.
Scope and Content of Pectra
Pectra combines eight crucial upgrades, known as “Ethereum Improvement Proposals” (EIPs), into a single package. This comprehensive package aims to significantly enhance the chain’s performance and user experience.
One of the most anticipated upgrades is EIP-7702, which focuses on improving the wallet user experience. This proposal was drafted by Ethereum co-founder Vitalik Buterin in just 22 minutes and allows user wallets to be programmed like smart contracts.
Changes in Staking
Another highly awaited upgrade, EIP-7251, increases the maximum amount that validators can stake from 32 ETH ($3,276.98) to 2,048 ETH. This change address…
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