Ethereum core developers aim to release the Pectra update by the first quarter of 2025, according to the decision made at a recent executive meeting.
Ethereum Targets Q1 2025 for Pectra Upgrade After Dencun
Pectra is set to be the next major milestone for Ethereum following the successful implementation of the Dencun upgrade in March 2023.
Key Features of Pectra Upgrade
Pectra will introduce the Ethereum Virtual Machine Object Format (EOF), which includes approximately 11 improvement proposals designed to enhance Ethereum's Virtual Machine (EVM) in both Layer 1 and Layer 2 solutions.
These improvements are expected to benefit both developers and users by increasing the performance and flexibility of the EVM.
One notable addition in Pectra is the EIP-7251, otherwise known as “increasing maximum active balance.” This offer will allow individual validators to contribute more than the current maximum of 32 ETH, increasing the limit to 2,048 ETH.
This change aims to reduce operational complexity for validators managing multiple low-consistency accounts by enabling higher-consistency validators.
Replacement of EIP-3074 with EIP-7702
In addition to these improvements, Ethereum developers decided to replace the EIP-3074 account abstraction proposal with EIP-7702, a new proposal submitted by Ethereum co-founder Vitalik Buterin.
EIP-7702 will introduce a new transaction type that allows Ethereum account addresses to temporarily act as smart contract wallets during a transaction and then revert to their original state.
This innovative feature is expected to increase the flexibility and functionality of Ethereum transactions.
*This is not investment advice.