Ethereum Sets Date for Pectra Upgrade - Here’s When

Ethereum

Ethereum Sets Date for Pectra Upgrade – Heres When

Ethereum developers have set May 7 as the target date for the much-anticipated Pectra upgrade, marking a major milestone for the blockchain since its last significant update in March 2024.

This decision follows successful testing on the Hoodi testnet, which ran smoothly after two previous tests revealed bugs that delayed the upgrade.

Pectra aims to make Ethereum more efficient and user-friendly through a series of enhancements. One of the key features is the addition of smart contract capabilities to wallets, designed to simplify usage and improve recovery options. These changes are expected to make interacting with the Ethereum network more intuitive for users.

The Pectra upgrade consists of 11 Ethereum Improvement Proposals (EIPs) rolled out simultaneously. These upgrades are focused on enhancing the staking process, introducing new wallet features, and updating the networks core functionality.

A significant update within Pectra is EIP-7251, which will increase the staking limit from 32 ETH to 2,048 ETH per validator. This change will streamline staking for those managing multiple validators, allowing them to consolidate their efforts under a single node.

The decision to move forward with Pectra was made during a call between Ethereums core developers, confirming that the upgrade is ready after successful testing. With the countdown officially started, the community is now preparing for the biggest network update in over a year.