Ethereum Pectra Upgrade Set to Enhance Network Features

According to BlockBeats, the Ethereum Pectra upgrade is scheduled to occur on May 7 at 3:05 AM Pacific Time (UTC+8 18:05). This significant hard fork follows the 2022 Merge and the 2024 Dencun upgrade, aiming to improve scalability, security, efficiency, and user experience. The upgrade integrates enhancements to both the execution layer, known as Prague, and the consensus layer, referred to as Electra. Key objectives include simplifying wallet operations through account abstraction, reducing transaction complexity, optimizing validator mechanisms to increase staking flexibility, and decreasing network load. Additionally, the upgrade seeks to enhance Layer 2 scalability by increasing blob capacity and lowering transaction costs. Security improvements are also a focus, with the introduction of new cryptographic tools and communication frameworks.