According to The Block’s report, following the successful implementation of the Dencun upgrade in March 2023, Ethereum core developers have decided during the execution layer meeting to plan for the launch of the Pectra upgrade in the first quarter of 2025.
Pectra represents Ethereum’s next major update, which will integrate Ethereum Object Format (EOF) into the Ethereum Virtual Machine (EVM) codebase, covering around 11 improvement proposals. These proposals aim to enhance the performance of both Layer 1 and Layer 2 EVM code.
Additionally, developers will include the proposal EIP-7251, also known as “Increasing the Maximum Effective Balance,” in Pectra. This change will allow the maximum amount of Ethereum staked by each validator to increase from the current 32 ETH to 2048 ETH. This increased maximum effective validator balance will enable operators to manage fewer but higher-staked validators, potentially reducing management complexity.
Furthermore, developers will also incorporate a proposal called EIP-7251, also known as “Increasing the Maximum Effective Balance,” into the Pectra upgrade.
Developers have also decided to replace the existing account abstraction proposal EIP-3074 with a new proposal called EIP-7702, proposed by Vitalik Buterin. EIP-7702 will introduce a new transaction type that allows Ethereum account addresses to temporarily act as smart contract wallets during transactions and restore to their original state after the transaction is completed.
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