tl;dr
Christine Kim, a researcher at Galaxy Digital, has described the upcoming Ethereum upgrade, Prague-Electra (Pectra), as potentially the largest in Ethereum's history. Pectra integrates various Ethereum Improvement Proposals (EIPs) targeting cryptographic enhancements, system efficiency improvements,...
Ethereum Spectra Upgrade: Potential Game-Changer
Christine Kim, a researcher at Galaxy Digital, has labeled the forthcoming Ethereum upgrade known as Prague-Electra, or Pectra, as “possibly the largest in Ethereum’s history.” Pectra integrates various Ethereum Improvement Proposals (EIPs) that aim to enhance security, efficiency, and scalability.
Why Ethereum Spectra’s Upgrade Is Massive
Pectra follows the successful implementation of the Dencun upgrade, integrating EIPs targeting cryptographic enhancements, system efficiency improvements, and network scalability. Some key changes include:
- EIP-2537: Adding operations for the BLS12-381 curve for enhanced security
- EIP-2935: Storing block hashes to enable stateless execution and improve scalability
- EIP-7685: Introducing a general-purpose bus for code testing
- EOF: Revamping how EVM bytecode is processed
- EIP-7702: Introducing a new transaction type for Externally Owned Accounts (EOA)
Confirmed EIPs for the Electra part of the upgrade address validator operations and system efficiency.
Uncertainties and Timeline
There are uncertainties surrounding the final configuration of Pectra, with ongoing community involvement and discussions shaping the upgrade. The Ethereum core development team aims to deploy the Pectra upgrade by the first quarter of 2025. Ethereum’s price currently stands at $3,807.
Source: ETHUSD on TradingView.com