Ethereum’s Pectra upgrade, scheduled for March 2025, promises to significantly enhance the blockchain's scalability, efficiency, and user experience.
This update, which merges two previously planned upgrades—Prague and Electra—will address some of the network's key limitations, including high gas fees and scalability issues.
One of the most significant changes in the Pectra upgrade is the introduction of Account Abstraction (EIP-7702), which will allow users to pay transaction fees using a variety of tokens, not just Ether (ETH).
Source: Ethereum Foundation Youtube
This includes stablecoins like USDC or DAI, making Ethereum more flexible for both new and experienced users.
Developers will also be able to enable transaction batching and sponsor gas fees, further simplifying the user experience.
Wanchain CEO Temujin Louie shared in an interview,
“Pectra is another milestone for Ethereum. Account abstraction removes a key barrier, while also strengthening security.”
Ethereum’s scalability is another major focus of the Pectra upgrade, particularly with regards to Layer 2 rollups.
EIP-7742 increases the data storage capacity for these rollups by doubling the number of "blobs" stored per block from three to six.
According to Dom Harz, co-founder of Build on Bitcoin (BOB),
“By increasing available data space for Layer 2s, it helps prevent transaction costs from becoming too expensive.”
This change will allow for faster, cheaper transactions on Ethereum, benefiting users and developers alike.
The Pectra upgrade also brings key changes to Ethereum's validator system.
EIP-7751 increases the maximum amount of ETH a validator can stake from 32 ETH to 2,048 ETH.
This will enable larger validators to scale more effectively and improve network security.
While the change is expected to enhance the overall operation of the network, it could also result in greater concentration of staking power, potentially altering Ethereum’s decentralisation landscape.
Additionally, EIP-7002 enhances the validator exit process, improving the user experience for those participating in Ethereum staking.
Meanwhile, EIP-6110 aims to streamline the validator deposit process by replacing the current voter mechanism with a more efficient block-based system.
Ethereum will also implement EIP-2537, a cryptographic improvement designed to strengthen the network's security.
Additionally, EIP-2935 will enable more efficient storage and retrieval of historical block hashes, improving the overall performance of the Ethereum Virtual Machine (EVM).
Ethereum is gearing up for the testnet phases of the Pectra upgrade.
The Holesky testnet will launch on 24 February 2025, followed by the Sepholia testnet on 5 March.
Should these tests proceed smoothly, the Ethereum community will confirm the mainnet launch date during the all-core developers (ACD) meeting on 6 March 2025.
As Ethereum prepares for this crucial upgrade, developers are hopeful that the improvements will have a far-reaching impact on the blockchain ecosystem, addressing both technical limitations and user experience challenges.
Dom Harz said,
“Pectra is a step in the right direction. By increasing available data space for Layer 2s, it helps prevent transaction costs from becoming too expensive. L2s store data in ‘blobs’, and Pectra will double the number of blobs per block from 3 to 6. Think of it like a warehouse: doubling its size means you can store more stock, process more orders, reduce costs, and operate more efficiently,”
Pectra’s extensive set of Ethereum Improvement Proposals (EIPs) addresses many aspects of the Ethereum ecosystem, from user interaction to validator functionality.
By improving its network's capacity and security, Ethereum is strengthening its position in the competitive blockchain space.
Dalam episode terbaru 'Family Guy', kekacauan mata uang kripto terjadi selama sesi terapi Meg, menambahkan sentuhan humor pada pasar kripto yang sering kali tidak dapat diprediksi. Penyebutan Bitcoin secara berulang-ulang dalam acara ini sejalan dengan lonjakan harga mata uang kripto yang lebih luas, yang mencerminkan minat dan ekspektasi yang terus meningkat di pasar.
Huang BoIBM, yang merupakan pemimpin dalam bidang perangkat lunak dan konsultasi TI, membuat gelombang di dunia web3 dengan memperkenalkan Hyper Protect Offline Signing Orchestrator.
AaronDogecoin, mata uang meme favorit yang terinspirasi dari anjing di internet, mungkin siap untuk memainkan peran penting sebagai opsi pembayaran di X (sebelumnya Twitter).
AaronKomisi Sekuritas dan Bursa AS (SEC) telah memperpanjang periode evaluasi untuk perubahan aturan yang diusulkan NYSE Arca, yang bertujuan untuk mendaftarkan saham Grayscale Ethereum Trust sebagai produk yang diperdagangkan di bursa.
AaronUnit Investigasi Kriminal Internal Revenue Service dilaporkan bergulat dengan lonjakan kasus penggelapan pajak terkait kripto
AaronSquare Enix, yang terkenal dengan franchise Final Fantasy-nya, mengambil langkah berani ke dunia NFT dengan Symbiogenesis, proyek game blockchain-nya. Debut para pahlawan NFT Ethereum menarik perhatian, tidak hanya karena ciri-ciri digital mereka yang unik tetapi juga karena nama mereka yang khas.
AaronRobinhood berbagi dalam pengajuan SEC bahwa perdagangan crypto mengalami peningkatan 75% di bulan November dibandingkan dengan bulan sebelumnya
AaronDengan lonjakan popularitas mata uang kripto, aplikasi ponsel pintar yang melayani para penggemar kripto berkembang pesat. Di antara mereka, StormX menonjol karena pendekatannya yang khas.
EdmundSteven Nerayoff, seorang penasihat Ethereum awal, dengan keras menyangkal tuduhan penipuan yang dibuat oleh Cryptoking di media sosial, yang memicu ancaman hukum dan tuntutan balik, sementara Nerayoff tetap fokus untuk memajukan "Crypto 2.0."
JasperPenjualan Kembali NFT EthBoy: Mencapai $400 ribu, Melampaui Nilai Asli dan Menandakan Tonggak Sejarah dalam Evolusi NFT
JixuExploring the key players and transactions behind ARB's unexpected price surge.
AlexRipple triumphs in court against the SEC, affirming XRP's status as a non-security and reshaping crypto regulation.
KikyoLedger commits to reimbursing users post-exploit and enhancing security by discontinuing blind signing, shifting towards Clear Signing standards.
BrianRecent claims of account seizures and lack of transparency at MEXC have raised significant concerns among users, echoing the cautionary tale of FTX's downfall.
AlexNigeria's Central Bank lifts the ban on bank-facilitated crypto transactions, signaling a significant policy shift and renewed market potential.
KikyoCardano founder Hoskinson humorously engages with teen hacker Kurtaj’s cyber feats, highlighting wider cybersecurity and AI scam concerns.
AlexIlluvium's 2024 roadmap promises to revolutionize blockchain gaming with a focus on advanced technology, a public beta launch, and setting new industry standards.
BrianMEXC, amidst claims of freezing assets and CEO’s social media mystery, denies allegations and asserts normal operations.
AlexJpeggler's investment in POPCAT secures its future, enhancing stability and trust within the Solana community.
KikyoBitMEX co-founder Arthur Hayes warns of the existential risks to Bitcoin from a potential U.S. spot Bitcoin ETF and TradFi involvement.
Kikyo