Ethereum is preparing to launch its highly anticipated update, “Prague/Electra,” which represents a significant step towards improving the network’s performance, security, and user experience. This update is one of the most significant updates since the network transitioned to a Proof-of-Stake (PoS) mechanism in September 2022. It also paves the way for Ethereum’s vision of delivering a more efficient and scalable decentralized network.
What is the update of Bactra #ether ?
Bectra is a combination of two updates that were originally planned to be released separately: the Prague Update and the Electra Update. They have been combined to deliver comprehensive improvements to the Ethereum Execution Layer and Consensus Layer. Bectra is expected to deliver over 20 Ethereum Improvement Proposals (EIPs) ranging from standard improvements to improvements focused on network performance and security.
The most important features offered by the Bactra update
1. Enhance user experience
Bectra brings significant improvements to “Account Abstraction,” meaning users will be able to take advantage of smart wallets that offer features like paying gas fees in any currency, conducting multiple transactions at once, and custom security options. These improvements are intended to make dealing with decentralized applications (dApps) easier and smoother.
2. Improving auditor performance
The update will provide more flexibility for validators through improvement proposals such as EIP-7002, which allows for more easy withdrawal of staked ETH through the execution layer. Additionally, EIP-7251 will increase the maximum validator balance from 32 ETH to 2048 ETH, reducing the number of nodes required and increasing network efficiency.
3. Preparing for future expansions
One of the most notable technical features of Bectra is the introduction of Verkle Trees, a new type of graph structure that makes it easier to store and verify data. This allows the network to become less reliant on complete storage of history, increasing its efficiency and enhancing scalability.
4. Improve developer tools
The EVM Object Format (EOF) improvements come as part of EIP-7692, and aim to make it easier to write and deploy smart contracts faster and more efficiently. Developers will benefit from this new format by providing a more organized and efficient environment for developing applications on Ethereum.
How does Bactra affect users?
The Bectra update will bring significant improvements to the user experience by reducing gas costs and speeding up transactions, making the network more attractive to both investors and everyday users. Thanks to the security improvements, dealing with digital assets will become more secure, increasing trust in the network.
Investment Opportunities on Binance
For investors, this update is an opportunity to review their Ethereum investment strategies. With increased efficiency and flexibility of validators, staking on Ethereum could become more attractive, especially with improved withdrawals and lower gas costs.
On Binance, users can take advantage of advanced staking services with competitive annual returns ranging from 3% to 6%. The platform provides a safe and easy experience to participate in Ethereum staking, giving users the opportunity to benefit from this important update.
Conclusion
The Bectra update represents a major step towards improving the Ethereum network in terms of performance, security, and user experience. In addition to preparing for future expansions, it enhances the network’s flexibility to meet the diverse needs of its users. Whether you are an investor or a daily user, Bectra is an opportunity to grow and benefit from the new Ethereum infrastructure.
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