According to BlockBeats, Ethereum's core developers have decided in an execution layer meeting to aim for the release of the Pectra upgrade in the first quarter of 2025. This upgrade will introduce the Ethereum Virtual Machine Object Format (EOF), which includes approximately 11 improvement proposals. These proposals are set to enhance the EVM code for both Layer 1 and Layer 2.
The Pectra upgrade is a significant step in Ethereum's development, as it aims to improve the functionality and efficiency of the Ethereum Virtual Machine (EVM). The EVM is a crucial component of the Ethereum network, as it is responsible for executing all smart contracts on the platform. The proposed improvements in the Pectra upgrade will enhance the EVM's code for both the base layer (Layer 1) and the second layer (Layer 2) of the Ethereum network.
The Ethereum core developers' decision to aim for a Q1 2025 release of the Pectra upgrade indicates their commitment to continually improving the Ethereum network. The introduction of the Ethereum Virtual Machine Object Format (EOF) and the associated improvement proposals are expected to significantly enhance the functionality and efficiency of the Ethereum network.