The post Ethereum’s Pectra Upgrade: ETH Drop Below $2K Could Wipe Out $700M! appeared first on Coinpedia Fintech News
Ethereum’s long-awaited Pectra upgrade has taken a big step forward with its launch on the Holesky testnet. This upgrade brings key improvements for validators, wallets, and layer-2 scaling. Developers can now test these features before they go live on the Ethereum mainnet.
Ethereum’s Pectra Upgrade In Progress
Ethereum developers have been working on Pectra for months, and its activation on Holesky at epoch 115,968 marks a crucial step. The Sepolia testnet already adopted the upgrade at epoch 222,464 on March 5.
Now, with both test networks testing the changes, Ethereum developers are expected to decide on a mainnet launch date soon.
Meanwhile, Pectra follows the Dencun upgrade, which was released in March 2024 and helped lower transaction fees for layer-2 networks. Unlike Dencun, which focused on reducing costs, Pectra introduced new features to m
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