Ethereum is preparing to launch the Pectra update, which is an important step in improving the network’s performance and adding more features that enhance scalability, security, and user experience. This upgrade is expected to be activated between late 2024 and early 2025. So what is the Ethereum Pectra upgrade?
What improvements will it bring to the Ethereum network?
This is what we will discuss with you in this article.
Perctra Upgrade Objectives
The Bactra upgrade aims to achieve a wide range of improvements.
At the network level, including:
The Ethereum network is preparing to launch the Pectra update, which is an important step in improving the network’s performance and adding more features that enhance scalability, security, and user experience. This upgrade is expected to be activated between late 2024 and early 2025. So, what is the Ethereum Pectra upgrade? And what improvements will it bring to the Ethereum network? This is what we will discuss with you in this article.
Bactra promotion goals
The Bactra upgrade aims to achieve a wide range of network-wide improvements, including:
1. Scalability:
The upgrade includes technologies like sharding and layer-2 solutions like rollups, which help increase transaction processing speed and lower gas costs.
2. Security:
Security will be enhanced by improving the Proof of Stake protocol and adopting advanced cryptographic methods to protect users' assets and data.
3. User Experience:
With improvements to the account abstraction, the upgrade aims to make the network easier to use and more convenient for users and developers.
Highlights of the Bactra Upgrade
1. Increase the effective balance limit for authenticators:
Validators will be able to control a larger balance (up to 2048 ETH instead of 32 ETH), reducing the need to run
Multiple authenticators improve network efficiency.
2. Facilitating withdrawals:
With improvements like EIP-7002, validators will be able to perform withdrawals through the execution layer more easily.
3. Improving the mechanism of smart contracts:
By adopting a new format for EOF - Format Object EVM (EVM), smart contracts will improve in terms of efficiency and ease of deployment.
4. Use of Verkle Trees:
This technology will help reduce data storage requirements and improve network efficiency, preparing the network for future expansions.
5. PeerDAS mechanism:
It will allow data to be processed more efficiently, improving the performance of layer 2 solutions and reducing transaction costs.
Benefits of Bactra for Users and Developers
● For users:
Improvements will reduce the complexity of using decentralized applications (dApps), with features such as dynamic gas fees and the ability to execute multiple transactions at once.
For developers:
The upgrade provides tools and features that make smart contract development faster and less expensive, contributing to building more innovative applications on the Ethereum network.
How will Bactra affect the Ethereum network?
1. In the short term:
The improvements will result in a smoother user experience and higher transaction efficiency.
2. In the long term:
Bactra will provide the foundation for further expansions such as implementing future technologies like Verkle trees that enhance scalability.
3. On the Ethereum market:
The upgrade may positively impact investor confidence in Ethereum (ETH), but it depends on how successfully the update is implemented and accepted by the market.
Impact of upgrade on storage and authentication
● Increase storage efficiency:
With the introduction of Verkle trees, the need to store entire historical data on the network will be reduced.
● Improve authentication processes:
Validators will benefit from greater flexibility in managing their balances, which could make storage more attractive to a wider range of users.
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