Fri June 7, 2024 ▪
4
min reading ▪ acc
The crypto universe is in turmoil. Ethereum is set to launch a major update to its technology in the first quarter of 2025. Called Pectra, this update promises significant improvements for users and developers. Let’s examine in detail what this development will bring and why it is so anticipated.
Revolutionary cryptocurrency update
Pectra integrates several technological innovations that will change the crypto ecosystem. These innovations include the EVM object format (EOF) and EIP-7702, which were designed by Vitalik Buterin.
EOF is designed to improve the security and efficiency of smart contracts on Ethereum. By integrating this format, Ethereum will enable safer and faster transactions, reducing the risk of errors and exploits.
EIP-7702 allows Ethereum account addresses to temporarily act as smart contract wallets during transactions. This feature will give users increased flexibility and allow them to manage their cryptocurrencies more efficiently and securely.
The Pectra update also aims to address persistent issues such as high transaction fees on Layer 2 platforms By integrating approximately 19 EIPs, Ethereum ensures a significant improvement in user experience.
A strategically chosen calendar
Ethereum developers have carefully planned the deployment of Pectra for the first quarter of 2025. This decision was made after extensive discussions and careful evaluations.
The developers decided not to rush the rollout ahead of Devcon, the largest developer conference in the Asia-Pacific region. By postponing the update, they ensure full integration of all features and allow cryptocurrency users to enjoy a stable and reliable version.
By avoiding deployment during Devcon, developers will be able to effectively monitor Pectr’s execution. This cautious approach aims to minimize risks and ensure a smooth launch.
Future challenges and opportunities
While Pectra is a significant milestone, it is only part of Ethereum’s ambitious plan. The developers are already working on future improvements such as the Osaka upgrade.
PeerDAS will be integrated into Pectra to improve data availability on Ethereum. This improvement is essential to increase the scalability and decentralization of the network.
The Osaka upgrade, planned after Pectra, will include advanced features such as the Verkle Tree implementation. This new data structure promises to further improve the scalability and security of Ethereum.
The Pectra update represents a new step in the evolution of Ethereum. By integrating major technological innovations and improving the user experience, Ethereum is positioning itself to remain at the forefront of the crypto revolution.
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Fascinated by Bitcoin since 2017, Evariste continued to research the topic. If his first interest was trading, now he is actively trying to understand all the developments focused on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the industry as a whole.
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.