#ETH What does Prague upgrade mean? What are the benefits?

◓The Ethereum Prague upgrade is an important update to the execution layer of the Ethereum network, designed to optimize network performance and user experience.

◓The Prague upgrade is part of the Ethereum Pectra upgrade, which also includes the Electra upgrade, and together they constitute this major update of Ethereum. The Prague upgrade focuses on changes in the execution layer, with the main goal of improving Ethereum's performance and security. Specifically, the Prague upgrade may introduce EIP-3074, a set of code changes designed to improve Ethereum wallets, allowing users to batch transactions and sign in one step, thereby simplifying user operations.

◓The Prague upgrade may also include other technical improvement proposals (EIPs), such as EIP-7702, a new transaction type designed to enhance account abstraction compatibility. Developers are also discussing whether to replace EIP-3074 with EIP-7702 to further optimize the user experience ‌

◓ Positive screening: ‌SSV, ETHFI, ENA, STRK, BICO, ethw‌: These tokens are closely related to the Ethereum ecosystem and are expected to perform well after the Prague upgrade. Although the specific mechanism is not detailed, as part of the Ethereum ecosystem, they are expected to benefit from the upgrade ‌2.

◓ Online time prediction: According to the last meeting on the 19th last week, developers hinted that the fifth test network will be launched in early January 2025, which may be the last test before the Prague upgrade. So the official launch will be around March-April, and the #ETH preheat will be two months ahead of schedule, that is, it will be shown in January-February.