Ethereum Pectra upgrade
The Ethereum upgrade is divided into two phases over two calendar years.
The second upgrade will take place in 2026, with the first upgrade occurring between the first and second months of 2025.
The Pectra upgrade is a major update for Ethereum in the first quarter of 2025, aimed at enhancing network speed, scalability, and reducing usage costs.
Core improvements:
1. Account abstraction: Users can pay Gas fees using various tokens, making it more flexible and convenient. This can be used from the first upgrade, Gas fees have been reduced, and users can choose to pay Gas fees with tokens like USDT or BNB.
2. Smart contract acceleration: Speeds up contract execution and reduces deployment costs.
3. Validator optimization: Improves staking efficiency and reduces network burden.
4. Verkle tree: Optimizes data storage and improves network speed.
5. Layer2 enhancements: Improves Layer2 performance and reduces transaction costs.
Impact of the upgrade:
6. Users: More flexible payment methods and better trading experiences.
7. Validators: Higher staking rewards and more convenient management.
8. Developers: More convenient and efficient contract development.
9. Network: Faster speed, lower costs, and stronger scalability.
Summary: The Pectra upgrade has laid the foundation for the long-term development of Ethereum, making it more attractive and servicing more users and enterprises.
I see many traders in the square do not understand the timing and content of the Ethereum upgrade, the content is too off-base, and some say that increased Gas fee revenue will raise Ethereum prices 😂. Ethereum has long announced the reduction in miner fees and upgrade content. Therefore, the time should be between late December and early January next year. There may be significant adjustment space during this period.