Ethereum’s Pectra Upgrade in May
Pectra, Ethereum’s critical upgrade since transitioning to a proof-of-stake consensus mechanism in 2022, is set to launch on the Ethereum mainnet on May 7.
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Pectra, Ethereum’s critical upgrade since transitioning to a proof-of-stake consensus mechanism in 2022, is set to launch on the Ethereum mainnet on May 7.
Pectra was delayed due to finality issues on the Holesky testnet but has run smoothly on the Hoodi testnet. The upgrade also encountered a minor problem on the Sepolia testnet in early March, which was later identified and resolved.
Ethereum developers use testnets to trial upgrades before implementing them on the mainnet. Despite the initial problems, Ethereum’s Holesky testnet eventually achieved finality on March 10.
The confirmed date for Pectra, announced during a Thursday call among Ethereum developers, follows a previous proposal for an April 30 launch.
“We’ll go ahead and lock in May 7 for Pectra on mainnet,” said Ethereum Foundation researcher Alex Stokes. “Happy Pectra, everyone.”
Pectra’s upgrade is set to introduce several notable changes for Ethereum, including enhanced network scalability and an increase in validator staking limits from 32 ETH to 2,048 ETH.
However, for active participants in Ethereum’s network, the most significant change may be the introduction of account abstraction, which allows users to pay for gas or transaction fees with multiple tokens (such as stablecoins) in addition to ETH.
The upgrade will improve wallet functionality for users, including potential implementations of social recovery and a more user-friendly restoration process for lost wallet seed phrases.
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