- Ethereum’s Pectra upgrade is expected by Q1 2025 amid complex feature integration.
- EVM Object Format and EIP-7702 by Vitalik Buterin are included in Pectra.
- The Pectra upgrade will raise the staking cap for Ethereum validators from 32 ETH to 2,048 ETH.
Ethereum core developers are targeting the launch of the Pectra upgrade by the end of the first quarter of 2025. This upgrade encompasses the EVM Object Format (EOF), a suite of approximately 11 Ethereum Improvement Proposals (EIPs), which will introduce an optional container for EVM code.
Notably, Pectra, the next phase of the Ethereum network upgrade after Dencun, was initially expected to go live later this year. However, the shift from the previously projected late 2024 timeline is attributed to the inclusion of the EOF.
The Pectra upgrade is poised to raise the staking cap for Ethereum validators from 32 ETH to 2,048 ETH, as proposed in EIP 7251. This 64-fold increase would benefit major staking services like Coinbase (NASDAQ:COIN) and Lido by allowing them to consolidate their validators.
This change would streamline operations by reducing the need to create new validators for every additional 32 ETH staked, thus…
The post Ethereum’s Pectra Upgrade: Stakes Raised for Validators, Smart Contracts Get Smarter appeared first on Coin Edition.