Ethereum deploys Pectra upgrade in long-awaited event
In a thrilling turn of events, the long-awaited Pectra upgrade officially went live today at epoch 364032, 10:05:11 UTC, marking a significant milestone for the Ethereum network. Here's a lowdown on what's so exciting about this upgrade that's got everyone buzzing.
The Pectra Party Begins
Excited chatter filled the air as the official Ethereum account on X broke the news with a simple yet effective post, "Upgrade in progress... Activating Pectra @ epoch 364032 // 10:05:11 UTC." The badass upgrade brings together a power-packed combo of the Prague execution layer and Electra consensus layer featuring 11 Ethereum Improvement Proposals (EIPs).
Originally intended for March, the highly anticipated Pectra got pushed to May 7, 2025, due to some unforeseeable technical hiccups that forced a delay. But fear not, dear Ethereum enthusiasts! After overcoming finality issues on the Holesky testnet and a minor bug on Sepolia, the team successfully deployed Pectra on the Hoodi testnet, giving them the green light to move forward.
As Ethereum Foundation researcher Alex Stokes announced on the April 3 core developer call, the big day was here, and the team was ready to unleash Pectra on the mainnet. Stokes' cheerful words, "We'll go ahead and lock in May 7 for Pectra on mainnet... Happy Pectra, everyone!" set the Web3 world abuzz with excitement.
What's Inside the Pectra Pack?
The Pectra upgrade introduces a bunch of technical improvements to future-proof Ethereum and catapult it to the next level. Here are some of the cool features it brings to the table:
- Smart Account Wallet Functionality: With Pectra, you're in for an upgrade as traditional wallets will behave more like smart contracts! Expect batch transactions, gas fee subsidies, and customizable security – all designed to make your dApp experience smoother and more intuitive.
- PeerDAS (Peer Data Availability Sampling): Great news for layer-2 rollups! Pectra's PeerDAS feature reduces data verification costs, improving the overall economics of scaling solutions.
- EVM Object Format: The introduction of the EVM Object Format paves the way for more flexible execution environments, enhancing compatibility between layer-1 and layer-2 chains, making multi-chain development more efficient.
In short, Pectra's got a lot going for it! It aims to strike a perfect balance between improving user experience and bolstering the infrastructure that supports decentralized computation at scale.
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- The Ethereum Foundation's researcher, Alex Stokes, announced on the April 3 core developer call that the Pectra upgrade, a combination of the Prague execution layer and Electra consensus layer featuring 11 Ethereum Improvement Proposals (EIPs), would be moving forward and launching on May 7, 2025.
- One of the exciting features of the Pectra upgrade is the introduction of Smart Account Wallet Functionality, which aims to transform traditional wallets into smart contract-like entities, offering benefits such as batch transactions, gas fee subsidies, and customizable security.
- Pectra also includes the implementation of PeerDAS (Peer Data Availability Sampling), a feature that reduces data verification costs for layer-2 rollups, thereby improving the economics of scaling solutions.
- With the introduction of the EVM Object Format, Pectra makes multi-chain development more efficient by enhancing compatibility between layer-1 and layer-2 chains.
- In 2022, the long-awaited Pectra upgrade officially went live, marking a significant milestone for the Ethereum network, as confirmed by their official account on X.
- The team behind the Pectra upgrade has been working tirelessly to address technical issues and ensure a smooth rollout, with successes on the Holesky testnet and the Sepolia testnet leading to the deployment of Pectra on the Hoodi testnet.
