The post Ethereum Pectra Update: Improvements and Challenges appeared on BitcoinEthereumNews.com.

Ethereum is gearing up for a major update called Pectra, which is already being discussed in the crypto community. But what is special about it and why should this update worry Ethereum developers and users? Let’s break it down. What Pectra is and when it will be released Pectra or Prague-Electra is the next major update to the Ethereum network. It aims to: improving scalability, improved security, and a better user experience. Pectra is scheduled to launch on the main network on May 7, 2025. The update has now been tested on two testnets, Sepolia and Holesky. The main thing: what improvements Pectra will bring 1. Abstraction of accounts (EIP-7702) Traditional accounts (externally owned accounts, EOA) will be able to behave like smart accounts. For example, pay transaction fees not only in ETH, but also in other tokens; use multi-signatures, social recovery wallets, etc. This makes the use of private key-based wallets more convenient and greatly expands their functionality. 2. New rules for validators (EIP-7251) The maximum limit of staking will rise from 32 ETH to 2048 ETH. This will make life easier for large validators, but may also increase the risks of centralization. 3. Faster and cheaper (EIPs 7691 and 7623) Updates to improve performance and Layer-2 solutions. Looking ahead, faster transaction confirmation and lower fees. 4. Improvements for developers (EIP-7549) Simplifies the deployment of smart contracts, and optimizes validator voting – this will improve the stability of the entire network. 5. Features “for the future” Include PeerDAS, Verkle-trees for sustainable scalability, and automatic reinvestment of staking awards – all of which make validators more efficient and profitable in the long run. Why the Pectra update is especially important for user experience One of the most significant updates is EIP-7702, which paves the way for the full realization of the concept of account abstraction. Ethereum…

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Filed under: News - @ April 10, 2025 3:20 pm