Ethereum’s developers have finally delivered a timeline for the chain’s next big upgrade, Pectra, which promises to introduce an array of speed and efficiency improvements to the second-largest blockchain. At a developer meeting held virtually on Thursday, Ethereum’s core team set the upgrade’s target release date for March 2025.
Pectra combines together eight major upgrades, or „Ethereum improvement proposals” (EIPs), into one package.
Among the most anticipated upgrades is EIP-7702, aimed at improving the user-experience of wallets. The upgrade, which was reportedly sketched out by Ethereum co-founder Vitalik Buterin in a mere 22 minutes, enables user wallets to be programmed like smart contracts. It’s part of a broader strategy to bring account abstraction to Ethereum — a series of features that make setting up and using wallets a lot less clunky.
Another highly-anticipated upgrade, EIP-7251, increases the maximum amount validators can stake from 32 to 2,048 ETH. The change add
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