Ethereum’s Pectra Upgrade: A Game-Changer Set for March 2025!

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Following several tough internal assessments over multiple months on devnets and testnets, the team behind Ethereum (ETH) has decided to move forward with deploying Pectra onto the mainnet in March. This significant update, which is one of the biggest changes Ethereum (ETH) has seen since its shift to proof of stake, is anticipated to make transactions on Ethereum (ETH) much faster and less costly.

Ethereum (ETH) Pectra mainnet rollout scheduled for March

Starting from mid-March 2025, the initial stage of the Pectra upgrade for Ethereum (ETH) will be officially activated on the mainnet. This decision was reached yesterday, January 16, 2025, during the 203rd meeting of Ethereum’s All Execution Developers, as announced by Christine Kim, a researcher at Galaxy Digital.

eth devs agreed on a tentative schedule for upgrading public testnets today on acde #203

— Christine Kim (@christine_dkim) January 16, 2025

On February 12, 2025, the Ethereum test network, Sepolia, will undergo maintenance. A week after that, attention will shift to Holesky. Furthermore, developers have agreed to substitute the next development network with a “shadow fork” on either Sepolia or Holesky.

Kim emphasized that this schedule could be altered once more and ought to be viewed as an “optimistic outlook” or best-case scenario when it comes to deploying the testnet and mainnet.

Bear in mind that the schedule provided is preliminary and hopeful regarding the deployment of Pectra on testing networks and the main network.

Initially, the Ethereum Prague-Electra (Pectra) upgrade was anticipated for December 2024. However, it’s reasonable to expect that its complete implementation could span approximately 1.5 years.

2025 marks the initial activation of Pectra, with further improvements expected to be implemented in early 2026, as per the developers’ predictions.

Smart wallets, new ETH staking limits, unmatched TPS: Why Pectra is big

Previously mentioned by U.Today, Ethereum Pectra is one of the most groundbreaking hardforks in the realm of cryptocurrency. What makes it stand out is its potential to merge on-chain accounts with smart contracts, opening up new frontiers for innovative Decentralized Finance (DeFi) concepts that were once thought impossible.

The current Ethereum PoS contract’s Ether staking system might undergo a revision. This change could potentially allow users to stake as much as 2,048 ETH, a significant increase from the present cap of 32 ETH.

Moreover, as they expand their data storage capacity (referred to as “blob space” in Ethereum), certain Ethereum Virtual Machine (EVM) Layer 2 networks, such as Starknet and Fuel, could potentially process up to 1,600 transactions per second.

Discussed extensively on Pectra’s schedule, EIP 7702 aims to enhance the efficiency of the blockchain by facilitating grouped transaction processing, thereby reducing costs.

Ethereum (ETH) is trading at $3,430, up 5% in the last 24 hours.

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2025-01-17 20:01