The crypto universe is in turmoil. Ethereum is set to launch a major update to its technology in the first quarter of 2025. Dubbed Pectra, this update promises significant improvements for users and developers. Let's explore in detail what this development will bring and why it is so anticipated.
A revolutionary crypto update
Pectra integrates several technological innovations that will transform the crypto ecosystem. Among these innovations, the EVM object format (EOF) and the EIP-7702, proposed 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 bugs and exploits.
EIP-7702 allows Ethereum account addresses to temporarily act as smart contract wallets during transactions. This feature will provide increased flexibility to users, allowing them to manage their cryptos more efficiently and securely.
The Pectra update also aims to address persistent issues, such as high transaction fees on layer 2 platforms. By integrating around 19 EIPs, Ethereum ensures that the user experience will be significantly improved.
A strategically chosen calendar
Ethereum developers 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 before Devcon, the largest developer conference in the Asia-Pacific region. By delaying the update, they ensure the full integration of all features, allowing crypto users to enjoy a stable and reliable version.
By avoiding deployment during Devcon, developers will be able to effectively monitor Pectra execution. This cautious approach aims to minimize risks and ensure a smooth launch.
Future challenges and opportunities
While Pectra is a major milestone, it is only part of Ethereum's ambitious roadmap. The developers are already working on future improvements, like the Osaka upgrade.
PeerDAS will be integrated into Pectra to improve data availability on Ethereum. This improvement is crucial to enhance the scalability and decentralization of the network.
The Osaka upgrade, planned after Pectra, will include advanced features like Verkle Tree implementation. This new data structure promises to further improve the scalability and security of Ethereum.
The Pectra update marks a new step in the evolution of Ethereum. By integrating major technological innovations and improving the user experience, Ethereum is positioning itself to stay at the forefront of the crypto revolution.
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