Ethereum to Proceed with 'Pectra' Upgrade on the 7th of Next Month…"Improving Staking and Scalability"

Minseung Kang

Summary

Ethereum announced that it will proceed with the 'Pectra' upgrade on the 7th of next month, significantly increasing the staking limit from 32ETH to 2048ETH.
The Pectra update is expected to improve various functions such as validator efficiency, wallet functionality, and network scalability.
However, the market reaction is cautious, and the community is focusing on usability and technical advancements.

Ethereum (ETH) core developers have confirmed the next mainnet upgrade, 'Pectra', for May 7th. The Pectra update is expected to include various improvements such as increasing the staking limit, enhancing deposit speed, and account abstraction.

According to CryptoEconomy.com, a media outlet specializing in virtual assets (cryptocurrency), the Ethereum Foundation announced the Pectra upgrade schedule along with key specifications. Notably, Ethereum plans to significantly increase the staking limit per validator from 32ETH to 2048ETH with this update. As a result, the capital efficiency of large staking participants is expected to improve significantly.

The upgrade was initially planned for April 30th but was postponed by a week to ensure testnet stability.

The media stated, "Ethereum expects improvements in validator efficiency, wallet functionality, and network scalability through this upgrade," adding, "The market reaction is somewhat cautious. The community is focusing on usability and technical advancements."

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