This is when Ethereum developers plan to ship the Pectra update

More than a year since the Dencun upgrade went live on ethereum, attention has been focused on Pectra, which is scheduled to launch in early 2025.

After evaluating several timeline options, ethereum developers said they decided not to rush a launch before Devcon in November 2024. Instead, they are choosing a more careful approach to incorporating additional user features that can have a significant impact.

ethereum Pectra Update

According to recent statements from ethereum core developers, Pectra marks the next significant step in the network's development path following the successful deployment of the Dencun upgrade in March 2023. Pectra will introduce the ethereum Virtual Machine Object Format (EOF), which will involve around 11 improvement proposals aimed at improving the EVM code for Layer 1 and Layer 2 functionalities.

In the next Pectra update, the developers will introduce EIP-7251, also known as “Increase Maximum Effective Balance.” This adjustment will allow individual validators to stake up to 2,048 eth, a significant increase from the current limit of 32 eth.

By increasing the maximum balance of effective validators, operators can potentially optimize their management by overseeing fewer but higher-risk validators, thereby reducing complexity.

EIP 3074 out, 7702 in

The ethereum community had mixed opinions on EIP-3074, which aims to improve the usability of blockchain wallets, generating both support and reservations. As a result, the developers chose to replace the EIP-3074 account abstraction with ethereum.org/EIPS/eip-7702?” target=”_blank” rel=”noopener” data-wpel-link=”external”>EIP-7702a new proposal presented by Vitalik Buterin.

While the concept of account abstraction has been circulating within the ethereum community for some time, EIP-7702 is reportedly bringing it closer to implementation.

This proposal describes a series of adjustments to the ethereum protocol intended to facilitate account abstraction. A central element of EIP-7702 is the introduction of a new type of transaction called a “user operation.” Unlike conventional transactions, user operations do not depend on signature authentication; instead, they are authenticated using a smart contract wallet linked to the respective account.

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