As Bitcoin and Altcoin Prices Dip, Best Wallet ICO Presents New Opportunity for GainsNovember 17, 2024
The SEC closes investigation into Ethereum 2.0, no securities charges against ETH: ConsensysJune 19, 2024
The next upgrade is expected to go live in Q1 2025. Ethereum developers have confirmed a list of Ethereum Improvement Proposals (EIPs) to be integrated into the Pectra upgrade, according to a recent announcement from Ethereum educator Anthony Sassano. Among the notable EIPs are EIP-7702, EIP-7594 (PeerDAS), and EIP-7251 (MaxEB). Proposed by a group of Ethereum developers, including Ethereum co-founder Vitalik Buterin, EIP-7702 targets enhanced account abstraction, allowing addresses to act as smart contracts during transactions. EIP-7702 will replace EIP-3074, an improvement previously suggested by developers. EIP-7702 is expected to bring similar benefits to EIP-3074 while addressing its potential risks. Meanwhile, EIP-7594, or PeerDAS, aims to improve roll-up scalability. This proposal’s key aspect is optimizing layer 2 (L2) solutions like Base and Arbitrum. It is expected to boost transaction processing for L2s. READBitcoin completes its fourth halving, block rewards now stand at 3.125 BTCAdditionally, EIP-7251, or MaxEB, will enable validators to stake up to 2,048 ETH, a substantial increase from the current 32 ETH limit. The upgrade will also feature EOF-related EIPs, EIP-2537, and EIP-7549, focusing on cryptographic improvements and efficiency. “History expiry is also being considered for inclusion in Pectra,” added Sassano. Sassano expects Ethereum’s Pectra to go live in Q1 2025, a timeline similar to that recently announced by Ethereum developers. The upgrade follows the Dencun upgrade which was successfully deployed in March. Sassano said Pectra will be a landmark milestone in Ethereum’s development roadmap. “Pectra, the next Ethereum network upgrade, is shaping up to be the biggest in Ethereum’s history,” Sassano stated.