Ethereum's upcoming Pectra update, slated for Q1 2025, includes significant enhancements like EIP-7702 for account abstraction and EIP-7594 for rollup scalability. This major upgrade aims to improve user experience and network efficiency. Vitalik Buterin's EIP-7702 allows Ethereum addresses to temporarily function as smart contract wallets, while EIP-7594 focuses on optimizing layer 2 solutions. Additionally, the update will raise the maximum staking balance per validator to 2,048 ETH. These changes are expected to enhance the network's overall performance and scalability. #Ethereum #PectraUpdate

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