Major enhancements Prague and Electra aim to boost efficiency and scalability by 2025.
Understanding the Pectra Upgrade
Ethereum, one of the leading blockchain platforms, is gearing up for a significant upgrade known as Pectra. This upgrade aims to enhance the network’s efficiency and scalability, making it one of the largest in Ethereum’s history. The Pectra upgrade is a combination of two major enhancements: Prague and Electra. These focus on improving the execution and consensus layers of the network.
Why Split the Upgrade?
Developers are considering a two-phase rollout for the Pectra upgrade. This approach is seen as a safer option to manage risks and expedite delivery. By splitting the upgrade, developers hope to ensure a smoother transition and reduce potential disruptions. The first phase could potentially launch as early as February 2024, with the complete upgrade expected by early 2025.
Key Features of the Pectra Upgrade
The Pectra upgrade includes several important Ethereum Improvement Proposals (EIPs). One of the key proposals is EIP-3074, which allows wallets to operate like smart contracts, enhancing wallet functionality. Other proposals, such as EIP-7702 and EIP-7251, focus on improving security and managing validator growth, respectively. These changes are designed to make the Ethereum network more robust and efficient.
The decision to split the Pectra upgrade will be finalized during the next Ethereum All Core Developers call on September 19. This upgrade is highly anticipated within the Ethereum community, as it promises to bring significant improvements to the network. As the upgrade progresses, developers and users alike are eager to see how these changes will impact the future of Ethereum.
