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The Ethereum Pectra upgrade (chain split) is an upgrade that aims to make the Ethereum network faster, more scalable, and easier to use, for both regular users and blockchain developers. The Ethereum Pectra upgrade is expected to launch in two phases starting in 2025, and is expected to be one of the most significant improvements to the Ethereum network in recent years.

The Pectra upgrade is actually two upgrades that were planned separately: Prague and Electra, and then combined into one upgrade to make things more seamless.

Why is Ethereum Upgrading?

The Ethereum network has been improving steadily since its inception, with several significant upgrades such as the “Merge” in 2022 (which shifted Ethereum to a proof-of-stake model) and the “Cancun” upgrade in 2024. However, the Ethereum network still faces some challenges, particularly in terms of transaction fees, scalability, and complexity for new users, and the Pectra upgrade is designed to address these issues.