Developers, one of the most established networks in the crypto money market Ethereum $1,835.43(ETH) successfully carried the Pectra update to the main network. Pactra, which has become activated with EPOch 364.032 around 13:05 on May 7, has been the largest update since the The Merge update in 2022 in terms of the number of EIPs. Houlesky, Sepolia And Hoohi Despite the strict attempts in the test networks and the configuration disruptions encountered, the update was successful. In total, 11 Ethereum Improvement Proposal (EIP) Pectra update Network efficiency, user experience and layer 2 scaling targets stand out as an important step.
Innovative Features of Ethereum Pectra update
Part of the Pectra update and also known as Account Abstraction EIP-7702 and smart wallets were provided with the possibility of operating the logic of contract temporarily. Thus, decentralized applications can undertake users’ process fees and ‘Freemium’ models have become possible. Users will now be able to combine coin approval and trade transactions in a single process.
Update EIP-7702 new features such as social recovery on the horizon. Special switches that are no longer lost can be taken back through trusted people. In this way, the user experience and security were increased together.
Starting the boundaries in the world of stinging EIP-7251 and 32 ETH limits were increased to 2 thousand 48 ETHs. Large operators will collect multiple 32 ETH pools at one point to reduce bandwidth and hardware costs. However, there are critics for allegedly increasing the centralism of EIP-7251.
Network scalability and improvements offered for verifiers
With the Pectra update, the target BLOB number per block increased from 3 to 6 and maximum from 6 to 9 EIP-7691 also came. For those who do not know, BLOBs make operations in Layer 2 networks 10–100 times cheaper. Expanding capacity offers low wages and fast transactions.
Another part of the update EIP-7002 with exit and shooting operations can now be triggered by the execution layer. In this way, the risk of Hot Key will be reduced. EIP-2935 and the last 8,192 block hash in Blockchain, making communication between Oracle and Layer centerless. Another EIP that comes with the update EIP-6110 The confirmatory activation time reduced from 12 hours to approximately 13 minutes.
With Pectra update, it also regulates Kalldata costs EIP-7623accelerating cryptographic processes EIP-2537Organizing operations EIP-7685 And EIP-7549 and softening wage fluctuations in Layer 2 EIP-7840 is also available.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
