Ethereum activates Pectra, enabling ‘smart account’ wallet functionality
The post Ethereum activates Pectra, enabling ‘smart account’ wallet functionality appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s Pectra upgrade marks a significant technical evolution, enabling features like increased staking limit and account abstraction. The upgrade facilitates gas fee subsidies and enhances smart contract deployment and multi-chain app development through several new EIPs. Ethereum has completed its long-awaited Pectra upgrade on the mainnet, its largest upgrade since the Merge and Dencun. The upgrade, which kicked in at epoch 364032, just after 6:00 a.m. ET on May 7, introduces a powerful suite of Ethereum Improvement Proposals (EIPs) designed to advance staking efficiency, wallet usability, and layer 2 scalability, while laying critical groundwork for Ethereum’s long-term scaling roadmap. Pectra is live on Ethereum mainnet! – Smart account wallet UX features now active– L2 scaling data storage blobs increased by 2x– Validator UX improvements live Community members will continue to monitor for any issues over the next 24 hours. — Ethereum.org (@ethereum) May 7, 2025 It’s Pectra Time
The post Ethereum activates Pectra, enabling ‘smart account’ wallet functionality appeared on BitcoinEthereumNews.com.
Key Takeaways Ethereum’s Pectra upgrade marks a significant technical evolution, enabling features like increased staking limit and account abstraction. The upgrade facilitates gas fee subsidies and enhances smart contract deployment and multi-chain app development through several new EIPs. Ethereum has completed its long-awaited Pectra upgrade on the mainnet, its largest upgrade since the Merge and Dencun. The upgrade, which kicked in at epoch 364032, just after 6:00 a.m. ET on May 7, introduces a powerful suite of Ethereum Improvement Proposals (EIPs) designed to advance staking efficiency, wallet usability, and layer 2 scalability, while laying critical groundwork for Ethereum’s long-term scaling roadmap. Pectra is live on Ethereum mainnet! – Smart account wallet UX features now active– L2 scaling data storage blobs increased by 2x– Validator UX improvements live Community members will continue to monitor for any issues over the next 24 hours. — Ethereum.org (@ethereum) May 7, 2025 It’s Pectra Time
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