Ethereum Developers Schedule Pectra Upgrade for May 7
Ethereum developers have set May 7 as the target date for the Pectra upgrade, marking significant changes since March 2024.
Pectra includes improvements designed to enhance user-friendliness and efficiency:
- Addition of smart contract capabilities to wallets
- 11 major code changes (EIPs) aimed at improving staking and wallet features
- EIP-7251 allows staking up to 2,048 ETH, simplifying management across multiple validators
The decision followed a successful test on the Hoodi testnet, which was the final dry-run after earlier tests faced bugs. This paves the way for the upgrade's deployment on Ethereum’s mainnet.