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The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
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Ethereum Pectra upgrade scheduled for May 7: 11 EIP optimizations for staking mechanism and L2 scalability performance.
Gate.io News bot message, Ethereum is about to welcome the significant Hard Fork upgrade Pectra for the execution layer (Prague) and the consensus layer (Electra). This upgrade includes 11 EIP proposals, setting a record for the highest number of EIPs involved in a single upgrade in Ethereum's history.
After multiple rounds of validation on the test network, the mainnet upgrade time is set for May 7th at 10:05 UTC. The core content of this upgrade includes three main directions: optimizing the validator staking mechanism through EIP-7251, EIP-7002, and EIP-6110; utilizing EIP-7691 and EIP-7623 to enhance Blob throughput to reduce L2 transaction costs; and implementing EIP-7702 to introduce temporary smart contract functionality for EOA accounts.
In addition, the upgrade also includes proposals such as EIP-7685 and EIP-2537, which optimize technical aspects such as cross-layer request processing, cryptographic computation efficiency, and historical block hash storage.
Source: WeChat